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Session Laws, 1929
Volume 572, Page 832   View pdf image (33K)
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832 LAWS OF MARYLAND. [CH. 282

and in such amounts as they may be called upon so to do by
the Board of Education of said county until the whole amount
of $471, 000. 00 shall have been issued and sold. The said
bonds shall be issued in series maturing as said County Com-
missioners shall determine, but none of said bonds shall be
issued for a longer period than twenty-five years from the date
of issue.

SEC. 3. And be it further enacted, That in order to provide
for the selling of said bonds to be issued under the provisions
of this Act, the said County Commissioners of Washington
County are hereby directed to advertise once a week for four
successive weeks, before said bonds or any part thereof shall be
issued, in two daily newspapers published in the City of Hag-
erstown, and in such other newspapers as may be determined
by the said County Commissioners, that the said County Com-
missioners will be in readiness, at a certain time within fifteen
days after the expiration of said notice, to receive bids at such
place as may be named in said advertisements for bonds issued
under the provisions of this Act, under such regulations as may
be made in the discretion of said County Commissioners, and
the accrued interest between the date of the bonds and the time
of sale and delivery of, and payment for, said bonds, shall be
adjusted with the purchaser or purchasers thereof, under such
regulations as may be made in the discretion of said County
Commissioners, and at the time mentioned in said advertise-
ments as the time for opening the bids for the proposals thereby
called for, the said County Commissioners shall receive such
sealed proposals for the purchase of as many of such bonds as
may be mentioned or designated in said advertisements and on
the opening of such sealed proposals, as many of said bonds as
have been so bid for shall be awarded by the said County Com-
missioners to the highest responsible bidder or bidders there-
for, for cash, if the prices bid are adequate in the judgment of
said County Commissioners; and when two or more bidders
have made the same bid and such bid is the highest and the
bonds so bid for by the highest responsible bidders are in ex-
cess of the whole amount of the bonds offered for sale, such
bonds shall be awarded to such responsible bidders bidding the
same price in a ratable proportion; and if any of said bonds
so offered for sale are not bid for or if an insufficient price be
bid for them, they may subsequently be disposed of under the
direction of said County Commissioners, at a private sale upon
the best terms they can obtain for the same; provided said


 

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Session Laws, 1929
Volume 572, Page 832   View pdf image (33K)
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