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Session Laws, 1927
Volume 569, Page 940   View pdf image (33K)
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940 LAWS OF MARYLAND. [CH. 482

SEC. 6. And be it further enacted as aforesaid, That the
said interest coupons and the said principal of said bonds shall
be payable at the office of the County Treasurer of Worcester
County; and whenever any of such coupon or coupons, bond
or bonds, shall have been paid or redeemed it or they shall be
cancelled and destroyed by the County Treasurer in the pres-
ence of the President or some other member of the Board of
County Commissioners and a note thereof made on the record
of said Board signed by the County Treasurer and the Presi-
dent or other member of said Board present at such cancella-
tion or destruction.

SEC. 7. And be it further enacted as aforesaid, That when
the said bonds shall be duly executed as herein prescribed the
County Commissioners of Worcester County shall advertise
the same in at least two newspapers published in said Wor-
cester County and in at least one newspaper published in Balti-
more City, and by such other advertisement, if any, as they
may deem proper and advisable, inviting sealed proposals for
the purchase of said bonds or any part thereof with the priv-
ilege to the said County Commissioners of Worcester County
with the concurrence of the Commission hereinafter named to
reject any and all bids; and no bid shall be accepted and none
of said bonds shall be sold at less than the par value thereof
and accrued interest thereon. The said County Commissioners
shall advertise the said bonds for such length of time as in
their discretion, with the approval of the Commission here-
inafter named, is adequate notice to the public, and may offer
with the approval of said Commission all said bonds for sale
at the same time or at different intervals in such installments
and amounts as the said County Commissioners and the said
Commission hereinafter named may deem advantageous to the
public in carrying on the work for which the same are to be
issued; and the money arising from the sale of said bonds
shall be paid into the hands of the County Treasurer of Wor-
cester County, who shall keep the same as a separate fund to
be used exclusively for the purpose of building and equipping
permanent new public school buildings in each of the towns
of Snow Hill, Ocean City, Bishopville, Pocomoke City and
Berlin in said Worcester County, and of purchasing building
sites for same, in accordance with the provisions of this Act
as hereinafter more particularly set out, and said funds, until

 

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Session Laws, 1927
Volume 569, Page 940   View pdf image (33K)
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