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Session Laws, 1920
Volume 539, Page 752   View pdf image (33K)
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752 LAWS OF MARYLAND. [CH. 445

member of the said advisory committees appointed in this
Section shall refuse to serve, the Board of Education of
Queen Anne's County is hereby authorized to appoint some
taxpayer in Queen Anne's County, residing in the district
where said school is to be built, as a member of said com-
mittee.

SEC. 6. And be it further enacted, That in negotiating
the sale of the said bonds provided for in this Act, the said
County Commissioners shall first give not less than three
weeks' notice by advertisement in two newspapers printed
and published in Queen Anne's County, also by advertise-
ment once a week for three successive weeks in one or more
newspapers printed and published in Baltimore City, inviting
proposals in writing for the purchase of said bonds, and, on
a certain day, to be named in said advertisement, said County
Commissioners shall, in their office in the Court House in
Centreville, Queen Anne's County, Maryland, open all bids
received, and the said bonds 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 power
to offer any or all of said bonds at one time, or to offer them
or any of them at such times or time as the said County
Commissioners shall deem necessary for the purposes 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 discretion, if the said
bids received under the first offer are below the par value
with accrued interest; provided, that the said bonds shall
not be disposed of by the said County Commissioners at less
than their par value together with accrued interest thereon.

SEC. 7. And be if, further enacted, That the said bonds
shall he issued in series from one to twenty, inclusive, accord-
ing to the aggregate amount, and shall be redeemable and
payable as follows: Two Thousand Dollars thereof annually
on the first day of July in the year nineteen hundred and
twenty-one, and thereafter annually on the first day of July
in each and every year, Two Thousand Dollars thereof, until
the whole amount so issued has been paid.

SEC. 8. 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


 

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Session Laws, 1920
Volume 539, Page 752   View pdf image (33K)
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