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Session Laws, 1908 Session
Volume 483, Page 772   View pdf image (33K)
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772 LAWS OF MARYLAND.

care of the School Treasurer of Dorchester county, addressed
to said committee, and shall be publicly opened on the day
and at the hour named in said advertisement; said pro-
posals shall set forth the amount of money for which the
parties proposing will construct and complete the building
according to the specifications and the time or times
at which payment thereof shall be made, and the time
when said building shall be completed; and the said
building committee shall award the contract to the lowest re-
sponsible bidder, giving bond to the State of Maryland, in such
penalty as said committee shall determine, conditioned for the
faithful performance of the contract entered into, reserving to
them the right to reject any and all bids; which bond shall be
liable at the suit of the said Board of County School Commis-
sioners of Dorchester county for violations of its conditions;
provided, however, that the entire cost of said building com-
plete, shall not exceed the amount realized from the sale of
bonds hereinafter authorized and directed to be issued for that
purpose.

SEC. 3. And be it enacted, That the said building committee,
upon entering into any contract, as mentioned in the preceding
section, shall forthwith make report to the Board of County
School Commissioners of Dorchester county, fully setting forth
the terms and character of said contract, and the debts incurred
thereby, which report shall be entered upon the records of said
Board of County School Commissioners.

SEC. 4. And be it enacted, That for the purpose of raising the
necessary money for building said school building, the said
School Commissioners for Dorchester county be and they are
hereby authorized and directed to issue bonds in the name of
the Board of County School Commissioners of Dorchester
county, with the endorsement thereon of the County Commis-
sioners of Dorchester county, which endorsement said County
Commissioners are hereby authorized and required to give to
the amount of three thousand dollars. Said bonds shall be
issued in sums not less than one hundred dollars nor more than
five hundred dollars each, and shall be signed by the president
of the said Board of School Commissioners, and countersigned
by the secretary of said board, with the corporate seal of said
board attached; such bonds shall be dated the first day of July,
1908, and shall bear interest at the rate of five per centum per
annum, payable on the first day of January and July, in each
year, until the said bonds are respectively paid; for which semi-
annual interest, proper interest coupons, payable to the bearer,
shall be attached to said bonds, to be signed by the president

 

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Session Laws, 1908 Session
Volume 483, Page 772   View pdf image (33K)
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