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Session Laws, 1914
Volume 533, Page 409   View pdf image (33K)
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PHILLIPS LEE GOLDSBOROUGH, GOVERNOR. 409

SEC. 6. Be it further enacted, That when the said bonds
shall be duly prepared and duly executed as herein prescribed,
the County Commissioners of Baltimore County and their suc-
cessors are authorized and directed to advertise in not less than
four successive weeks in three newspapers published in the City
of Baltimore and two newspapers published in the County of
Baltimore, together with such other advertisement as they deem
proper, inviting sealed proposals for the purchase of said bonds
or such part thereof as they are notified by said Board of County
School Commissioners should be sold to provide funds for
building the school buildings, or purchasing the property which
they are authorized under this Act to construct or purchase, re-
serving the right to the said County Commissioners of Baltimore
County to accept or reject any and all bids, and for this pur-
pose the said County Commissioners of Baltimore County are
hereby given full authority to ask for bids, market and sell such
bonds and grant to the purchaser or purchasers thereof an un-
conditional title pledging as payment therefor and for the pay-
ment of the interest to accrue thereon the assessable property
in Baltimore County. The said County Commissioners may
offer them at different intervals and in such installments or
amounts as may be advantageous in carrying out the work for
which they are issued. The money arising from the sale of
said bonds shall be payable upon the delivery thereof to the
Treasurer of Baltimore County, who shall keep the same as a
separate fund for the use of the Board of County School Com-
missioners of Baltimore County in some depository to be selected
by the County Commissioners, and to be paid out on the order
of the said Board of County School Commissioners, and said
fund is to be exclusively used for the purposes of this Act.

SEC. 7. And be it further enacted, That the County Commis-
sioners of Baltimore County be and they are hereby authorized
and directed to levy annually upon the assessable property of
Baltimore County, as a part of the annual levy in each year a
sum sufficient to pay the interest upon said bonds so by them
to be issued, and also the principal of said bonds as they re-
spectively mature and fall due.

SEC. 8. Be it further enacted, That nothing in this Act
shall be taken or construed to amend, modify or in any way
affect any Act or Acts, law or laws relating to the moneys or
funds or the amount thereof now payable to the Board of
County School Commissioners for the use of the schools of said
County.

 

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Session Laws, 1914
Volume 533, Page 409   View pdf image (33K)
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