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Session Laws, 1922
Volume 563, Page 269   View pdf image (33K)
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ALBERT C. RITCHIE, GOVERNOR. 267

used in said election, the words, "For Improvement Bonds"
and the words "Against Improvement Bonds, " in such a man-
ner that the voter may indicate by marking in a square oppo-
site such words whether or not he or she desires the bonds
herein mentioned to issue; if the majority of the voters decide
in favor of the issuance of the bonds, the Mayor, Counselor
and Aldermen of the City of Annapolis shall proceed to carry
out the provisions of this Act conditioned upon such approval
by the majority of the voters; if the majority of the voters
decide against the issuance of such bonds, then this Act shall
be of no further effect; at least thirty days before the said

special election is held, the Mayor, Counselor and Aldermen of
the City of Annapolis shall cause to be printed in a newspaper
published in the City of Annapolis the improvements proposed
to be made with the proceeds of the bonds mentioned herein,
and the approximate cost of each improvement, but balances
unexpended upon specified improvements may be used for
other improvements in the discretion of the Mayor, Counselor
and Aldermen of the City of Annapolis.

SEC. 3. And be it enacted, That the Mayor, Counselor and
Aldermen, in the event of the approval of the proposed bond
issue by the voters of the City of Annapolis, shall proceed
promptly to advertise the sale of said bonds, having first deter-
mined the rate of interest they will bear and all other incidents
in connection with such bonds. The said bids shall be filed
with the City Clerk of Annapolis, and shall be opened at the
advertised time at a public meeting of the said Mayor, Coun-
selor and Aldermen of the City of Annapolis, and if a satis-
factory bid is received, the said bonds shall then be sold to the
highest bidder; if no satisfactory bid is received, in the opinion
of the Mayor, Counselor and Aldermen of the City of Annapo-
lis, or there is any other reason in the opinion of the said
Mayor, Counselor and Aldermen of the City of Annapolis why
such bonds should not be; sold to any bidder, the Mayor, Coun-
selor and Aldermen of the City of Annapolis may reject any
or all bids and readvertise the said bonds for sale, fixing the
interest on said bonds at such rate, not to exceed six per centum
per annum as they shall deem advisable.

SEC. 4. And be it enacted, That upon the issuance of said
bonds, the money received therefrom shall be placed in a fund
and used by the Mayor, Counselor and Aldermen of the City
of Annapolis for paving and repaving: the streets, lanes and
alleys in the City of Annapolis, of acquiring property for


 

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Session Laws, 1922
Volume 563, Page 269   View pdf image (33K)
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