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Session Laws, 1931
Volume 580, Page 628   View pdf image (33K)
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628                         LAWS OF MARYLAND.                  [CH. 234-

Series "P" 10, 000—Seventeen years after date of issue
Series "Q" 11, 000—Eighteen years after date of issue
Series "R, " 11, 000—Nineteen years after date of issue
Series "S" 11, 000—Twenty years after date of issue
Series "T" 11, 000—Twenty-one years after date of issue
Series "U" 11, 000—Twenty-two years after date of issue
Series "V" 11, 000—Twenty-three years after date of issue
Series "W" 11, 000—Twenty-four years after date of issue
Series "X" 11, 000—Twenty-five years after date of issue
Series "Y" 11, 000—Twenty-six years after date of issue
Series "Z" 11, 000—Twenty-seven years after date of issue
Series "AA" 11, 000—Twenty-eight years after date of issue
Series "BB" 11, 000—Twenty-nine years after date of issue
Series "CC" 11, 000—Thirty years after date of issue.

In case the total amount of said bonds are not issued at one
time, then, and in that event the amount of bonds issued at
any one time shall be redeemable as above set out, except that
the amounts payable each year shall bear the proportion to
those in the aforegoing table that the total amount issued at
such time bears to the total amount authorized herein of two
hundred and seventy-five thousand dollars ($275, 000. 00). The
amounts coming due in any year, however, shall be in even
thousand of dollars and in case a fractional part of a thousand
dollars shall represent the amount coming due under the afore-
going provisions in any one year, then and in that event the
Board of Education of Prince George's County is hereby au-
thorized and directed at the time of the issuance of said bonds
to increase or decrease each serial amount in order to provide
for the payment of such issue in annual instalments of one
thousand dollars or multiples thereof as nearly proportioned to
the aforegoing table as practicable.

SEC. 3. And be it further enacted, That the Board of Edu-
cation of Prince George's County shall advertise for sealed
bids for said bonds by inserting a notice in at least two daily
newspapers published in the City of Baltimore, to be selected
by it, at least once a week for two (2) successive weeks before
the opening of said bids, and the said bonds shall be sold to
the highest responsible bidder, for cash, and the terms of
bidding and the amount of deposit required to be made shall
be in the discretion of the Board of Education, who shall have
the right to reject any and all bids.

 

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Session Laws, 1931
Volume 580, Page 628   View pdf image (33K)
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