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Session Laws, 1910 Session
Volume 487, Page 1051   View pdf image (33K)
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QUEEN ANNE'S COUNTY. 1051

from the sale of said bonds shall be used for the purpose of
purchasing teams, carts, wagons and other machinery and im-
plements which may be used for working roads in Queen Anne's
County and for no other purpose whatsoever; and all moneys
used or to be used in the purchasing of teams, carts, wagons
and other machinery and implements to be used on the roads
of Queen Anne's County as provided aforesaid are to be paid
by the County Treasurer of Queen Anne's County out of the
proceeds of the sale of the bonds as aforesaid, upon warrant
or warrants issued by said County Commissioners and signed
by the president of said Board of County Commissioners.

SEC. 2. And be it further enacted, That in negotiating the
sale of said bonds the said County Commissioners shall first
give not less than three weeks' notice by advertisement in one
or more newspapers printed and published in Queen Anne's
County; also by advertisement once a week for three succes-
sive weeks in one or more newspapers printed and published
in Baltimore City, inviting proposals in writing for the pur-
chase of said bonds, to be opened on a day certain, and the
same shall be disposed of to the highest bidder for cash at not
less than par value and accrued interest thereof; but the
said County Commissioners shall have the power to offer any
or all of said bonds at one time, or to offer them or any of
them at such times as they shall deem necessary for the pur-
pose herein provided; and shall have power to refuse and
reject any and all bids and to re-offer the same bonds, or any
part thereof, as above provided or otherwise, in their discre-
tion, if said bids received under the first offer are below the par
value with accrued interest thereof; provided, that said bonds
shall not be disposed of by said County Commissioners at
less than their par value, together with the accrued interest
thereof.

SEC. 3. And be it further enacted, That the said bonds shall
be issued in series from one to fifteen, inclusive, according to
the aggregate amount issued, each series consisting of one
thousand dollars of said amount, and shall be redeemable and
payable as follows: One thousand dollars thereof on the first
day of July in the year 1911, and thereafter annually on the
first day of July in each and every year one thousand dollars
thereof, until the whole amount so issued shall have been
paid.

SEC. 4. And be it further enacted, That for the purpose of
redeeming said bonds at their maturity and for securing the
prompt payment of the interest thereon, the said County Com-
missioners are hereby empowered and directed to annually levy
on the assessable property of the said county such sum or sums


 

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Session Laws, 1910 Session
Volume 487, Page 1051   View pdf image (33K)
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