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Session Laws, 1924
Volume 568, Page 937   View pdf image (33K)
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ALBERT C. RITCHIE, GOVERNOR. 937

are in excess of the whole amount of the bonds offered for sale,
such bonds shall be awarded to such responsible bidders bidding
the same price, in a ratable proportion; and if any of said bonds
so offered for sale are not bid for, or if an insufficient price be
bid for them, they may subsequently be disposed of under the
direction of said County Commissioners, or a majority of them,
at a private sale, upon the best terms they can obtain for the
same; provided said bonds shall not be sold at private sale for
less than par and accrued interest, and provided further that
said County Commissioners, in their discretion, shall have the
right to reject any and all bids.

SEC. 4. And be it further enacted, That John H. Shaab,
James Clark and O. Dorsey Hobbs, all of said Howard County,
and who shall serve without compensation, together with the
members of the Board of County Commissioners of Howard
County, for the time being, shall constitute a commission to be
known as the ' Howard County Road Commission. '' In case of
a vacancy in said commission, caused by the death, refusal to
act, resignation or otherwise, of any of the members thereof,
except the members of the Board of County Commissioners of
Howard County, the said vacancy shall be filled by a majority of
the remaining members of said Commission. A vacancy caused
by the death, resignation, refusal to act, or otherwise, of any
member of the Board of County Commissioners of Howard
County, shall be filled by the Governor as now, or as may here-
after, be provided by law.

SEC. 5. And be it further enacted, That the actual cash pro-
ceeds of the sale of the aforesaid bonds to be issued under this
Act, shall be immediately deposited to the joint credit of the
Commission created by this Act and the Treasurer of said How-
ard County, in such Bank as said Commission shall designate,
and shall only be withdrawn therefrom and paid out, by checks
or orders drawn upon the said fund, and signed by the President
of the Board of County Commissioners of Howard County, and
the Treasurer of said County, and no part of said fund shall be
used except for the purposes designated and provided for in
this Act, provided that the cost of engraving or printing said
bonds, and the cost of the advertising authorized by this Act,
and the other incidental expenses connected with the issuance of
said bonds, may be paid out of said fund.

SEC. 6. And be it further enacted, That after the payment
of the expenses provided for in the next preceding section, the

 

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Session Laws, 1924
Volume 568, Page 937   View pdf image (33K)
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