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Session Laws, 1933 Session
Volume 421, Page 1017   View pdf image (33K)
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ALBERT C. RITCHIE, GOVERNOR. 1017

1936, and shall be issued and sold in series according to
their maturity and there shall be four series, lettered re-
spectively "A, " "B, " "C" and "D, " and the bonds of each
series shall be numbered consecutively beginning with the
number one, viz: Series "A" $50, 000, due April 1, 1936;
Series "B" $50, 000, due April 1, 1937; Series "C" $50, 000,
due April 1, 1938; Series "D" $50, 000, due April 1, 1939;
and the purchaser or holder of any of said bonds shall have
the privilege of registering same with the County Treas-
urer of Talbot County, who shall provide a Record Book
for that purpose.

SEC. 3. And be it further enacted, That the entire
amount of bonds to be issued pursuant to the provisions
of this Act may be sold at one time or said bonds may be
sold in lesser amounts, but not exceeding in the aggregate
the amount authorized hereunder at any time or times on
or before October 1, 1934, as may be determined by the
County Commissioners of Talbot County, but none of said
bonds shall be issued or sold after October 1, 1934. Before
proceeding to sell any of said bonds, at any time or times,
the said County Commissioners of Talbot County shall
advertise at least once a week for two successive weeks in
some newspaper printed and published in Talbot County
and at least once a week for two successive weeks in some
newspaper printed and published in Baltimore City, and
by such other advertisement as they shall think proper,
that said County Commissioners will be in readiness at a
time and place to be named in said advertisement, within
fifteen days after the last publication thereof in said news-
papers, to receive bids at such place or places as may be
named in said advertisement or advertisements of said
bonds under such regulations and requirements as may be
made in the discretion of said County Commissioners, and
upon the day mentioned in said advertisement or advertise-
ments as the day for opening said bids for said bonds as
described therein, the said County Commissioners shall
receive sealed bids for the purchase of as many of such
bonds as may be mentioned and designated in said adver-
tisement and upon the opening of such sealed bids as many
of said bonds as have been so bid for shall be awarded by
the County Commissioners to the highest responsible bid-
der or bidders thereof for cash, if the price in the judg-
ment of said Commissioners be adequate and if and when
two or more bidders have made the same bid and said bid
is the highest for the whole amount of the bonds so offered
for sale, or taken together are in excess of the whole

 

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Session Laws, 1933 Session
Volume 421, Page 1017   View pdf image (33K)
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