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Session Laws, 1929
Volume 572, Page 755   View pdf image (33K)
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ALBERT C. RITCHIE, GOVERNOR. 755

levy for said interest, but may, in their discretion pay said
interest from, the general fund provided in the levy for public
roads, or out of their contingent fund.

SEC. 9. And be it further enacted, That if and whenever
the said Board of County Commissioners shall determine the
construction or permanent improvement of any public county
road or roads and shall let the contract or contracts therefor,
and shall desire that the work of construction or permanent
improvement of such public road or roads shall be commenced
and carried forward before it shall be possible to issue and
sell a series of bonds as provided for in Section 2 hereof, the
said Board of County Commissioners is hereby authorized
and empowered to borrow on the faith and credit of said
county such sum or sums of money as shall be sufficient and
necessary to meet and pay the contract price for the construc-
tion or permanent improvement of said public roads, and to
issue certificates of indebtedness for said sum or sums so bor-
rowed, and shall pay said certificates of indebtedness out of
the proceeds derived from the sale of the first series of bonds
issued and sold thereafter.

SEC. 10. 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 The County Commissioners of
Carroll County, or a majority of them, are hereby directed
to advertise, for at least once a week for four successive weeks
before said bonds or any part thereof shall be issued, in such
newspapers printed and published in Carroll County or else-
where as may be determined by said County Commissioners,
that the said County Commissioners will be in readiness at
any time within fifteen days after the expiration of said
notice to receive bids, at such place or places as may be
named in said respective 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 the majority of them; and the accrued interest between
the date of the bonds and the time of sale and the delivery of
any payment for said bonds shall be adjusted with the pur-
chaser or purchasers thereof under such regulations as shall
be made in the discretion of the said County Commissioners
or the majority of them; and upon the day mentioned in said
advertisement as the clay for opening the bids for the proposals
thereby called for, they shall receive such sealed proposals


 

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Session Laws, 1929
Volume 572, Page 755   View pdf image (33K)
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