WILLIAM DONALD SCHAEFER, Governor Ch. 478

ADOPT SUITABLE FORMS OF NOTICE OF SUCH SALE OR SALES WHICH
SHALL BRIEFLY OUTLINE THE TERMS AND CONDITIONS THEREOF IN
ACCORDANCE WITH THE PROVISIONS OF THIS AND THE FOLLOWING
SECTIONS. IN LIEU OF PUBLISHING THE ENTIRE NOTICE OF SALE, IN ANY
INSTANCE, THE COUNTY MAY, IF IT SO ELECTS, IN ANY SUCH
ORDINANCE -OR RESOLUTION PROVIDE FOR THE PUBLICATION OF A
BRIEF SUMMARY OF ANY SUCH NOTICE WHICH NEED NOT CONTAIN ALL
OR ANY OF THE INFORMATION CALLED FOR BY SECTION 10 OF ARTICLE
31 OF THE ANNOTATED CODE OF MARYLAND, 1957, BUT WHICH SHALL
STATE WHERE INTERESTED PARTIES MAY OBTAIN A COMPLETE COPY OF
ANY SUCH NOTICE OF SALE. EACH SUCH NOTICE OF SALE MAY ALSO
CONTAIN A BRIEF SUMMARY OF PERTINENT CURRENT FINANCIAL
INFORMATION OR INDICATE FROM WHOM SUCH INFORMATION MAY BE
OBTAINED.

67-23. AWARD OF BID; SALE OF BONDS; FORM AND EXECUTION OF
BONDS ISSUED.

UPON THE DAY MENTIONED IN ANY SUCH NOTICE OF SALE OR
SUMMARY THEREOF FOR OPENING THE BIDS FOR THE PROPOSALS
THEREBY CALLED FOR, THE COUNTY SHALL RECEIVE SUCH SEALED
PROPOSALS FOR THE PURCHASE OF SUCH BONDS AS MAY BE
DESIGNATED IN THE NOTICE OF SALE OR SUMMARY THEREOF. SUBJECT
TO THE PROVISIONS OF § 67-27 OF THIS CHAPTER, UPON THE OPENING IN
PUBLIC OF SUCH SEALED PROPOSALS, THE BONDS SHALL BE AWARDED
BY THE COUNTY TO THE BIDDER OR BIDDERS THEREFOR FOR CASH,
WHOSE BID OR BIDS ARE DETERMINED TO BE IN THE BEST INTEREST OF
THE COUNTY. IF SUCH BONDS SO OFFERED FOR SALE ARE NOT BID FOR,
OR IF ANY INSUFFICIENT PRICE BE BID FOR THEM, THEY MAY BE
SUBSEQUENTLY SOLD, IN THE DISCRETION OF THE COUNTY, AT A
PRIVATE SALE UPON THE BEST TERMS THAT CAN BE OBTAINED FOR THE
SAME, PROVIDED, THAT THEY SHALL NOT BE SOLD AT PRIVATE SALE
FOR LESS THAN PAR AND ACCRUED INTEREST. ALL PAYMENTS OF THE
PURCHASE PRICE OF SUCH BONDS SHALL BE MADE TO THE COUNTY
TREASURER. SUCH BONDS SHALL BE DESIGNATED "CECIL COUNTY
SANITARY DISTRICT BONDS," AND SHALL BE SERIAL BONDS ISSUED
UPON THE SERIAL MATURITY PLAN SHALL BE IN SUCH FORM OR FORMS,
SHALL BE OF SUCH DENOMINATION OR DENOMINATIONS, AND OF SUCH
PERIOD OF MATURITY, NOT EXCEEDING FIFTY (50) YEARS, AND BEAR
SUCH RATE OR RATES OF INTEREST AS THE COUNTY MAY BY
ORDINANCE OR RESOLUTION DEEM ADVISABLE. THE BONDS MAY BE
MADE REDEEMABLE, AT THE OPTION OF THE COUNTY, AT SUCH PRICE
AND UNDER SUCH TERMS AND CONDITIONS AS THE COUNTY MAY
DETERMINE IN SAID ORDINANCE OR RESOLUTION. THE BONDS SHALL
BE EXECUTED ON BEHALF OF CECIL COUNTY, MARYLAND, BY THE
PRESIDENT OF THE COUNTY COMMISSIONERS, WHOSE SIGNATURE MAY
BE BY FACSIMILE, SHALL HAVE THE CORPORATE SEAL OF THE COUNTY
AFFIXED THERETO AND SHALL BE AUTHENTICATED AND ATTESTED BY

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