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Session Laws, 1927
Volume 569, Page 1222   View pdf image (33K)
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1222 LAWS OF MARYLAND. [CH. 591

so many thereof as may be sufficient to produce the sum of mon-
ey designated by the said Board of Education, not to exceed
the several amounts specified in Section 2 of this Act for the
respective school buildings in said Section 2 provided.

SEC. 6. And be it further enacted, That said bonds shall bear
date of issue and shall be listed and sold in series beginning with
Series "A", and subsequent series shall each be initialed with the
following consecutive letters of the alphabet and the bonds of
each series shall be numbered consecutively, beginning with
"Number One, " and the said The County Commissioners of
Carroll County shall, from time to time, issue, offer for sale and
sell, in the manner hereinafter provided, a series of said bonds
for such an amount as may be necessary at such time or times,
for the purchase, erection and equipping, or enlarging, repair-
ing or improving of the several public school buildings des-
ignated in Section 2 of this Act, as the same shall be designated
by the said Board of Education of Carroll County, for the pur-
chase, erection and equipping, or enlargement, repair or im-
provement; and each of said series of bonds shall be issued and
sold as of the first day of July or the first day of January in
any year; and said bonds shall bear attached thereto coupons
as hereinbefore provided for the said semi-annual payments of
interest accruing after the date of selling said bonds; and each
of said series of bonds shall mature and be redeemable within a
period not exceeding thirty years from the date of issue, and
under such conditions as shall be determined by a resolution by
the said The County Commissioners of Carroll County; pro-
vided that all of said bonds shall mature and be redeemable not
later than thirty years from the date of issue.

SEC. 7. And be it further enacted, That said bonds shall
have written or engraved on them a distinct reference to this
Act directing the issuing of the same, and shall be designated
as and have printed or engraved thereon the "Carroll County
School Bonds, Issue of (the date of their issue). "

SEC. 8. And be it further enacted, That in order to provide
for the selling of said bonds to be issued under the provisions of
this Act, the said The County Commissioners of Carroll County,
or a majority of them, are hereby directed to advertise for at
least once a week for four successive weeks before each series
of bonds or any part thereof shall be sold, in such newspapers
printed and published in Carroll County or elsewhere as may
be determined by the said County Commissioners or a majority
of them, that the said County Commissioners will be in readi-
ness at any time within fifteen days after the expiration of said
notice to receive bids, at such place or places as may be named

 

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Session Laws, 1927
Volume 569, Page 1222   View pdf image (33K)
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