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Session Laws, 1896 Session
Volume 475, Page 263   View pdf image (33K)
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LLOYD LOWNDES, ESQUIRE, GOVERNOR.

sale, upon the best terms they can obtain for same; pro-
vided, they shall not be sold for less than par and accrued
interest.

263

SEC. 5. Be it enacted, That the actual cash proceeds of such
sale of any certificates of indebtedness of this State, issued
under the provisions of this act, shall be paid to the Treasurer
of the State, and such proceeds of the sale of the said bonds
or evidences of indebtedness aforesaid, shall be used exclusively,
so far as the same may be required for such purpose, for the
construction and equipment of the extension to the Maryland
Penitentiary aforesaid, and shall be paid by the Treasurer, upon
the warrant of the Comptroller, to the Directors of the Mary-
land Penitentiary, upon their written order, from time to
time, as the uses and requirements of the construction and
equipment of the said Maryland Penitentiary extension may
require.

Application
of proceed.

SEC. 6. Be it enacted, That should the requirements of the
said penitentiary extension not demand an immediate sale of
all the bonds provided for under this act, that the said Gover-
nor, Comptroller of the Treasury and the Treasurer may issue
advertisements, from time to time, in accordance with the pro-
visions of this act, for such part or parts of the said loan as
may be, from time to time, required for the demands of the
building and equipment of the extension to the Maryland Pen-
itentiary aforesaid, said demands and requirements to be
decided upon by the Board of Directors of the Maryland Peni-
tentiary, and the notification of the requirement communi-
cated to the Governor.

SEC. 7. Be it enacted, That the sum of three hundred dol-

Bonds to be
sole only as
needed.

lars, or as much thereof as may be necessary, is hereby appro-
priated out of any money in the Treasury not otherwise
appropriated, for the payment of the expenses of engraving,
printing and other expenses connected with the issue of the
loan authorized by this act, and for the payment of advertising
authorized by this act, and of all incidental expenses necessar-
ily connected with the execution of the provisions of this act.
And the said sum of money hereby appropriated, shall be
paid as and when required by the Treasurer of this State, upon
the warrant of the Comptroller of the Treasury, and upon
vouchers approved by the Comptroller of the Treasury.

SEC. 8. Be it further enacted, That the County Commis-
sioners of the several comities of this State, and the Mayor
and City Council of Baltimore city, are hereby directed to

Appropria-
tion for
incidental
expenses,

Tax to pax
interest ana
principal



 
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Session Laws, 1896 Session
Volume 475, Page 263   View pdf image (33K)
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