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Session Laws, 1929
Volume 572, Page 506   View pdf image (33K)
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506 LAWS OF MARYLAND. [CH. 175

Board signed by the County Treasurer and the President or
other member of said Board present at such cancellation or
destruction.

SEC. 5. And be it further enacted, That the said County
Commissioners of Worcester County, before proceeding to sell
the bonds to be issued as aforesaid, shall advertise in at least
two newspapers* published in said Worcester County and in at
least one newspaper published in Baltimore City, and by such
other advertisement, if any, as they may deem proper and ad-
visable, inviting sealed proposals for the purchase of said
bonds or any part thereof with the privilege reserved to the
said County Commissioners of Worcester County 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 ac-
crued interest thereon. The said County Commissioners shall
advertise the said bonds for such length of time as in their
discretion is adequate notice to the public and may offer all
of said bonds for sale at the same time or at different intervals
in such installments and amounts as the said County Com-
missioners may determine; and the money arising from the
sale of said bonds shall be paid into the hands of the County
Treasurer of Worcester County, who shall keep the said money
as a separate fund to be used exclusively for the purpose of
building and equipping new public school buildings in each
of the towns of Pocomoke City, Snow Hill, Berlin, Ocean
City, Bishopville, Whaleyville and Newark, in said Worcester
County, and purchasing building sites for same, and for build-
ing a new public school building or buildings in the Seventh
Election District of said Worcester County, in accordance with
the provisions of this Act as hereinafter more particularly set
out, and said funds, until so used, shall be deposited on inter-
est at as high a rate as may be obtainable.

SEC. 6. And be it further enacted, That the County Com-
missioners of Worcester County are hereby authorized, em-
powered and required to levy annually upon all of the assess-
able property of said county a special tax sufficient to pay the
interest on said bonds to be issued in pursuance of this Act,
and also a special tax annually sufficient to pay the principal
of the said bonds as they mature.

SEC. 7. And be it further enacted, That the money arising
from the sale of the bonds hereby authorized shall be expended


 

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Session Laws, 1929
Volume 572, Page 506   View pdf image (33K)
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