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Session Laws, 1927
Volume 569, Page 663   View pdf image (33K)
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ALBERT C. RITCHIE, GOVERNOR. 663

SEC. 7. And be it further enacted, that in order to provide
for the selling of said bonds the said County Commissioners
are hereby directed to advertise said bonds for sale once a
week for three successive weeks in some newspaper printed
and published in Talbot County, and once a week fox three
successive weeks in some newspaper printed and published in
Baltimore City, and if the said Board of County Commissioners
deem it expedient, then to advertise said bonds in such other
newspaper, or newspapers, or publications as they may select;
and the said County Commissioners shall be in readiness at
any time within fifteen days after the expiration of said notice
to receive bids at such place or places as may be named in
said advertisement or advertisements of said bonds, under such
regulations as may be made in the discretion of said County
Commissioners, and the accrued interest between the date of
the bonds or certificates of indebtedness and the time of the
sale and delivery and payment of said bonds shall be ad-
justed with the purchasers thereof under such regulations
as may be, in the discretion of County Commissioners, just and
proper, and upon the day mentioned in said advertisement or ad-
vertisements as the day for opening said bids for the proposals
thereby called for they shall receive such sealed proposals for
the purchase of as many of such bonds as may be mentioned
and designated in said advertisement, and on the opening of
such sealed proposals as many of said bonds as have been so
bid for shall be awarded by the County Commissioners to the
highest responsible bidder or bidders thereof for cash, if the
price, in the judgment of said Commissioners, be adequate,
and when two or more bidders have made the same bid and
said bid is the highest and the bonds so bid by the highest re-
sponsible bidders are in excess of the whole amount of the
bonds so offered for sale, such bonds shall be awarded to the
highest responsible bidders bidding the same price in a ratable
proportion, and if any of such certificates so offered for sale
are not bid for or if an insufficient price be bid for them, in
the discretion of said Commissioners they may be subsequently
disposed of by the said County Commissioners for Talbot
County at private sale, upon the best terms that can be ob-
tained for the same.

SEC. 8. And be it further enacted, That the said Board
of Education for Talbot County shall have authority to pur-
chase real property for the purpose of a site or sites upon which
to erect or build any one or more of the said school buildings,
and to pay for the same out of the monies arising from the
sale of the said bonds, and to acquire the title of the said lands
in the name of the Board of Education for Talbot County.

 

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Session Laws, 1927
Volume 569, Page 663   View pdf image (33K)
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