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Session Laws, 1927
Volume 569, Page 66   View pdf image (33K)
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66 LAWS OF MARYLAND. [OH. 47
certificates shall be signed by the Treasurer of the State and

countersigned by the Comptroller of the Treasury, and shall
bear interest at the rate fixed by resolution of the said Board

of Public Works, payable semi-annually; and any portion or
all of said certificates may be registered, or not registered, and
the said certificates, or any portion thereof, shall have interest

coupons attached, or said certificates, or any portion thereof,
shall not have interest coupons attached, all as the Governor,
Comptroller of the Treasury, and Treasurer, or a majority of
them, shall determine.

SEC. 4. And be it further enacted, That in order to provide
for the selling of the certificates of indebtedness aforesaid, to
be issued under the provisions of this Act, the Governor, Comp-
troller of the Treasury and the Treasurer of this State, or a
majority of them, are hereby directed to advertise twice a week
for four successive weeks before the said certificates of indebt-
edness, or any part thereof, shall be issued, in two newspapers
published in the City of Baltimore, that the Treasurer of this
State will be in readiness at a time within fifteen days after

the expiration of said notice to receive bids at such place or
places as may be named in said respective advertisements for
bonds or certificates of indebtedness issued under the provi-
sions of this Act, under such regulations as may be made in
the discretion of the Governor, Comptroller of the Treasury,

and Treasurer, or a majority of them; and the accrued interest
between the date of the bonds or certificates of indebtedness
and the time of sale and delivery of any payment for said
bonds or certificates of indebtedness shall be adjusted with the
purchaser thereof under such regulations as may be made in
the discretion of the Governor, Comptroller of the Treasury,
and Treasurer, or a majority of them; and upon the day
mentioned in said advertisement as the day for opening the
bids for the proposals thereby called for they shall receive
such sealed proposals for the purchase of as many of such
bonds or certificates of indebtedness as may be mentioned or
designated in said advertisement; and on the opening of such
sealed proposals, as many of said bonds or certificates of in-
debtedness as have been so bid for shall be awarded by the
Governor, Comptroller of the Treasury, and Treasurer, or a
majority of them, to the highest responsible bidder or bidders
therefor for cash, if the prices bid are adequate, in the judg-
ment of the Governor, Comptroller of the Treasury, and Treas-
urer, or a majority of them, and when two or more bidders have

 

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Session Laws, 1927
Volume 569, Page 66   View pdf image (33K)
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