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Session Laws, 1920
Volume 539, Page 1375   View pdf image (33K)
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ALBERT C. RITCHIE, GOVERNOR 1375

($1,500,000) dollars as evidence of such loan; such certifi-
cates of indebtedness shall bear date as of the time of their
issue, as provided in Section 1 of this Act, and shall not he
issued in less sums than one hundred ($100.00) dollars, but
may be issued in sums of one hundred ($100.00) dollars or
any suitable multiple thereof. Each of said certificates shall
he 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, Comp-
troller of the Treasury and Treasurer, or a majority of them,
shall determine.

SEC. 4. And be it further enacted, That in order to pro-
vide for the selling of the certificates of indebtedness afore-
said, 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 newspapers 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 indebted-
ness issued under the provisions 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 bonds or certificates of
indebtedness shall be adjusted with the purchaser thereof
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 upon the day mentioned in said
advertisement as the day for opening the bids for the proposals
thereby called for, they shall receive such sealed proposals
for the purchase of as many of such bonds or certificates of


 

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Session Laws, 1920
Volume 539, Page 1375   View pdf image (33K)
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