clear space clear space clear space white space
A
 r c h i v e s   o f   M a r y l a n d   O n l i n e

PLEASE NOTE: The searchable text below was computer generated and may contain typographical errors. Numerical typos are particularly troubling. Click “View pdf” to see the original document.

  Maryland State Archives | Index | Help | Search
search for:
clear space
white space
Session Laws, 1929
Volume 572, Page 259   View pdf image (33K)
 Jump to  
  << PREVIOUS  NEXT >>
clear space clear space clear space white space

ALBERT C. RITCHIE, GOVERNOR. 259

if any insufficient price be bid for them, they may be subse-
quently disposed of under the direction of the Governor, Comp-
troller of the Treasury, and Treasurer, or a majority of them,,
at a private sale upon the best terms; they can obtain for the
same; provided they shall not be sold at private sale for less
than par and accrued interest.

SEC. 5. And be it further enacted, That the sum of ten
thousand dollars ($10, 000), or so much thereof as may be
necessary, shall be paid by the Treasurer of this State, upon
the warrant of the Comptroller, out of the proceeds of the
sale of bonds or certificates of indebtedness for the payment
of the expenses of engraving, printing and other outlays con-
nected with the issue of the loan hereby authorized, and for
the payment of the advertising directed by this Act, and all
other incidental expenses connected with the execution of its
provisions in connection with said loan.

SEC. 6. And be it further enacted, That the actual cash pro-
ceeds of the sale of the certificates of indebtedness to be issued
under this Act shall be used exclusively for the following pur-
poses, to wit:

The Comptroller shall, immediately upon the sale of and
payment for said bonds or certificates of indebtedness, first
return to and credit the Treasury with whatever advances or
payments may have been made as provided for by Section 5
of this Act. The remainder of the proceeds of said loan shall
be credited on the books of the State Treasury Department to
the credit of the State Roads Commission and shall be dis-
bursed by the State Treasurer, upon warrant of the Comp-
troller, from time to time as and when the same shall become
necessary, for the following purposes: One-fifth of the re-
mainder shall be used and expended in the City of Baltimore
for grading, paving and curbing of such streets and highways
or portions thereof, as may be selected by the State Roads
Commission. After the foregoing expenditures have been pro-
vided for, the Commission shall use and expend the entire
residue of the net proceeds received from the issues of 1929
and 1930 of said bonds or certificates of indebtedness, with
the aid of Federal Funds appropriated for such purpose by
any Act or Acts of Congress, for the construction, in the sev-
eral counties of the State, of such rural post roads as may be
selected by said Commission. The money expended for such
post roads in each of the said counties to be determined ac-
cording to the respective road mileage of said counties.


 

clear space
clear space
white space

Please view image to verify text. To report an error, please contact us.
Session Laws, 1929
Volume 572, Page 259   View pdf image (33K)
 Jump to  
  << PREVIOUS  NEXT >>


This web site is presented for reference purposes under the doctrine of fair use. When this material is used, in whole or in part, proper citation and credit must be attributed to the Maryland State Archives. PLEASE NOTE: The site may contain material from other sources which may be under copyright. Rights assessment, and full originating source citation, is the responsibility of the user.


Tell Us What You Think About the Maryland State Archives Website!



An Archives of Maryland electronic publication.
For information contact mdlegal@mdarchives.state.md.us.

©Copyright  October 10, 2023
Maryland State Archives