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Session Laws, 1927
Volume 569, Page 696   View pdf image (33K)
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696 LAWS OF MARYLAND. [CH. 385

said bonds shall have written or printed on them a distinct
reference to the Act authorizing the issue, and shall be desig-
nated as "Montgomery County Court House Bonds. "

SEC. 2. And be it further enacted, That the said County
Commissioners of Montgomery County are authorized and em-
powered to issue the said bonds and sell the same at such time
and in such manner as the said Commissioners may determine,
and as herein provided. The said bonds shall be issued in
series maturing as said County Commissioners shall determine,

but none of said bonds shall be issued for a longer period than
forty years from the date of issue.

SEC. 3. And be it further enacted. That in order to pro-
vide for the selling of said bonds to be issued under the pro-
visions of this Act, the said Board of County Commissioners
of Montgomery County, or a majority of them, are hereby
directed to advertise once a week for four successive weeks
before said bonds, or any part thereof, shall be issued, in such
newspapers as may be determined by the said Board, that the
said Board of County Commissioners will be in readiness at a
certain time within fifteen days after the expiration of said
notice, to receive bids at such place as may be named in said
advertisements, for bonds issued under the provisions of this
Act, under such regulations as may be made in the discretion
of said County Commissioners, or a majority of them, and the
accrued interest between the date of the bonds and the time
of sale and delivery of, and payment for, said bonds shall
be adjusted with the purchaser or purchasers thereof under
such regulations as may be made in the discretion of said
County Commissioners, or a majority of them; and at the time
mentioned in said advertisements as the time for opening the
bids for the proposals thereby called for, the said County Com-
missioners shall receive such sealed proposals for the purchase
of as many of such bonds as may be mentioned or designated in
said advertisements; and on the opening of such sealed pro-
posals, as many of said bonds as have been so bid for shall be
awarded by said County Commissioners, or a majority of them,
to the highest responsible bidder or bidders therefor, for cash,
if the prices bid are adequate in the judgment of said County
Commissioners, or a majority of them; and when two or more
bidders have made the same bid, and such bid is the highest
and the bonds so bid for by the highest responsible bidders are
in excess of the whole amount of the bonds offered for sale,

 

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Session Laws, 1927
Volume 569, Page 696   View pdf image (33K)
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