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Session Laws, 1922
Volume 563, Page 309   View pdf image (33K)
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ALBERT C. RITCHIE, GOVERNOR. 307

best advantage, in the discretion of the said, The County Com-
missioners for Dorchester County, upon not less than thirty
days' notice, provided, that the said bonds shall be sold upon
a competitive bidding, by sealed offers, with the privilege re-
served to The County Commissioners for Dorchester County of
rejecting any and all bids.

SEC. 6. And be it further enacted, That all money arising
from the sale of said bonds shall be kept as a separate fund
for the purposes of this Act, and shall be deposited in some
bank or banks in the town of Cambridge, Maryland, and be
paid out or expended only upon the order of the said, The
County Commissioners for Dorchester County for the pur-
poses of this Act, and for no other. And the Clerk of the said.
The County Commissioners for Dorchester County shall keep a
full registry of the said bonds, with the names of the purchasers
thereof, and the amount realized from the sales of the same,
with the date of maturity of such bonds, and when they have
been redeemed, the same shall at once be cancelled on the face
thereof and on the books of registry, and shall not be issued
again.

SEC. 7. And be it further enacted, That the said, The County
Commissioners for Dorchester County, may at any time, issue
the said bonds in such number or numbers as in their judg-
ment may be necessary and proper for the objects and pur-
poses of this Act, and the said, The County Commissioners for
Dorchester County, shall be and they are hereby authorized and
directed to apply and expend the money arising from the sale
of said bonds first for the payment of the said floating indebted-
ness and the balance for the other objects and purposes of this
Act and for no other, at such times and in such amounts as in
their judgment, it may deem right and proper.

SEC. 8. And be it further enacted, That the said, The
County Commissioners for Dorchester County are hereby
authorized, empowered and directed, and it shall be their duty
to cause to be levied upon and collected from the taxable prop-
erty of the said County, an additional tax annually sufficient to
pay the said bonds and interest, as the said bonds and interest
may severally mature as herein provided; and the said special
tax or levy shall be a lien upon the taxable property of the said
County, upon which it is so levied in the same manner and
to the same extent as other taxes, levied in said County, and
the said tax shall be collectible and collected in like manner


 

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Session Laws, 1922
Volume 563, Page 309   View pdf image (33K)
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