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Session Laws, 1929
Volume 572, Page 571   View pdf image (33K)
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ALBERT C. RITCHIE, GOVERNOR. 571

missioners of Prince George's County shall advertise at least
once a week for three successive weeks in one newspaper pub-
lished in the City of Baltimore, Maryland, and at least once a
week for three successive weeks in one newspaper published in
Prince George's County, Maryland, and by such other adver-
tisement as they shall think right and proper, that they will be
in readiness at a time and place to be named in said adver-
tisements within ten days after the third publication of said no-
tice or notices as aforesaid to receive sealed bids for the bonds
described in said advertisements, under such regulations as the
said County Commissioners of Prince George's County by their
order may prescribe. Upon the day mentioned in said adver-
tisement or advertisements for opening the bids for said bonds
as herein described, the County Commissioners of Prince
George's County shall receive bids for the purchase of said
bonds, and on opening said bids in public, the bonds so bid
for shall be awarded by the County Commissioners of Prince
George's County to the highest responsible bidder or bidders
therefor for cash, if the prices bid are adequate in the judgment
of the County Commissioners of Prince George's County; and
when two or more bidders have made the same bid, and such
bid is the highest for the whole amount of the bonds so offered
for sale, or taken together in excess of said whole amount,
such bonds shall be awarded to such highest responsible bidders
bidding the same price in ratable proportion; and if any of
said bonds so offered for sale are not bid for, or if in the judg-
ment of the County Commissioners of Prince George's County
any insufficient price be bid for them, they may be subsequently
disposed of under the direction of the County Commissioners
of Prince George's County at a private sale upon the best terms
that can be obtained for the same, and all interest accrued be-
tween the date of said bonds and the time of delivery of and
payment for the same shall be adjusted with the purchaser or
purchasers thereof to the date of such payment. All payments
of the purchase price for said bonds shall be made to the County
Commissioners of Prince George's County.

SEC. 4. And be it further enacted, That after receiving the
purchase price of said bonds and paying therefrom all expenses
of every character incident to the issue, preparation and delivery
thereof, the residue of said proceeds of sale saving any accrued
interest thereon, which said accrued interest shall be set apart
by the County Commissioners for the payment of the next ma-
turing interest on said bonds, shall be paid over by the County
Commissioners of Prince George's County to the State Roads
Commission, which shall thereupon expend the same to the full
extent of such funds as may be so received from the County
Commissioners, for the reconstruction and improving of such


 

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Session Laws, 1929
Volume 572, Page 571   View pdf image (33K)
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