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Session Laws, 1935
Volume 579, Page 154   View pdf image (33K)
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154 LAWS OF MARYLAND. [CH. 89

"XX" 31,000.00 April 1,. 1950

"YY" 32,000.00 April 1, 1951

"ZZ" 34,000.00 April 1, 1952

SEC. 3. And be it further enacted, That the Governor,
Comptroller of the Treasury, and Treasurer, constituting
the Board of Public Works, or a majority of them, are
hereby authorized and directed to have prepared proper
certificates of indebtedness of the State in good and suffi-
cient form to aggregate the amount of eight hundred and
fifty-five thousand dollars, ($855,000), as evidence of such
loan; such certificates of indebtedness shall bear date as of
the time of their issue, as provided in Section 1 of this Act,
and shall not be issued in less sums than one hundred dol-
lars, ($100), but may be issued in sums of one hundred
dollars, ($100), or any suitable multiple thereof. Each of
said certificates shall be signed by the Treasurer of the
State and countersigned by the Comptroller of the Treas-
ury, and shall bear interest at the rate fixed by resolution
of the said Board of Public Works, payable semi-annually;
and any portion or all of said certificates may be registered,
or not registered, and the said certificates, or any portion
thereof, shall have interest coupons attached, or said cer-
tificates, or any portion thereof, shall not have interest
coupons attached, all as the Governor, Comptroller of the
Treasury, and Treasurer, or a majority of them, shall de-
termine.

SEC. 4. And be it further enacted, That in order to
provide for the selling of the certificates of indebtedness
aforesaid, to be issued under the provisions of this Act, the
Governor, Comptroller of the Treasury, and the Treas-
urer of this State, or a majority of them, are hereby
directed to advertise twice a week for four successive
weeks before the said certificates of indebtedness, or any
part thereof, shall be issued, in two newspapers published
in the City of Baltimore, that the Treasurer of this State
will be in readiness at a 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 or certificates of indebtedness issued under the
provisions of this Act, under such regulations as may be
made in the discretion of the Governor, Comptroller of
the Treasury, and Treasurer, or a majority of them; and
the accrued interest between the date of the bonds or cer-
tificates of indebtedness and the time of sale and delivery
of and payment for said bonds or certificates of indebted-

 

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Session Laws, 1935
Volume 579, Page 154   View pdf image (33K)
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