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Session Laws, 1920
Volume 539, Page 1046   View pdf image (33K)
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1046 LAWS OF MARYLAND [CH. 508

Series W ............

130,000

February 15, 1933

Series X ............

137,000

February 15, 1934

Series Y ............

142,000

February 15, 1935

Series Z ............

147,000

February 15, 1936

SEC. 3. And be it further enacted, That the Governor,
Comptroller of the Treasury, and Treasurer, constituting the
Board of Public Works, or a majority of them, are hereby
authorized and directed to have prepared proper certificates of
indebtedness of the State in good and sufficient form to aggre-
gate the amount of three million ($3,000,000) dollars as evi-
dence of such loan; such certificates of indebtedness shall bear

date as of the time of their issue, as provided in Section 1 of
this Act, and shall not be issued in less sums than one hun-

dred ($100.00) dollars, but may be issued in sums of one hun-
dred ($100.00) dollars or any multiple thereof. Each of said

certificates shall be signed by the Treasurer of the State and
countersigned by the Comptroller of the Treasury, and shall
bear interest at the rate fixed by resolution of the said Board
of Public Works, payable semi-annually; and any portion or
all of said certificates may be registered, or not registered, and
the said certificates, or any portion thereof, shall have interest

coupons attached, or said certificates, or any portion thereof,
shall not have interest coupons attached, all as the Governor,
Comptroller of the Treasury, and Treasurer, or a majority of
them, shall determine.

SEC. 4. And be it further enacted. That in order to provide
for the selling of the certificates of indebtedness aforesaid, to
be issued under the provisions of this Act, the Governor.
Comptroller of the Treasury and the Treasurer of this State, or
a majority of them, are hereby directed to advertise twice a
week for four successive weeks before the said certificates of
indebtedness, or any part thereof, shall be issued, in two news-
papers published in the City of Baltimore, that the Treasurer
of this State will be in readiness at a time within fifteen days
after the expiration of said notice to receive bids at such place
or places as may be named in said respective advertisements
for bonds or certificates of indebtedness issued under the pro-
visions of this Act, under such regulations as may be made in
the discretion of the Governor, Comptroller of the Treasury,
and Treasurer, or a majority of them ; and the accrued interest
between the date of the bonds or certificates of indebtedness
and the time of sale and delivery of and payment for said


 

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Session Laws, 1920
Volume 539, Page 1046   View pdf image (33K)
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