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Session Laws, 1939
Volume 581, Page 15   View pdf image (33K)
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HERBERT R. O'CONOR, GOVERNOR. 15

shall deem advisable, but the right is reserved unto the
County Commissioners of Caroline County to reject any
and all bids. If no bids are received after such advertise-
ment, or if all the bids are rejected by the County Com-
missioners of Caroline County the said County Commis-
sioners of Caroline County are authorized and empowered
to sell said bonds at private sale at not less than par and
accrued interest.

SEC. 4. And be it further enacted, That the proceeds
arising from the sale of said bonds shall be applied to the
payment and refunding of ninety thousand dollars ($90, -
000. 00) of the outstanding notes, obligations and floating
indebtedness due and owing to sundry persons, corpora-
tions and banks by the said County Commissioners of
Caroline County.

SEC. 5. And be it further enacted, That for the purpose
of securing the prompt payment of all installments of
interest on said bonds as the same shall become due semi-
annually as aforesaid, and for the purpose of redeeming
said bonds at maturity, the County Commissioners of Caro-
line County are hereby authorized and directed to levy
annually a tax upon the assessable property of Caroline
County in such sum as may be necessary and sufficient to
pay the interest on said bonds semi-annually and to redeem
five thousand dollars ($5, 000. 00) of said bonds annually
commencing March 1st, 1945, as aforesaid, until the same
have been fully redeemed and retired.

SEC. 6. And be it further enacted, That this Act is
hereby declared to be an emergency law and necessary for
the immediate preservation of the public safety and health,
and being passed upon a yea and nay vote supported by
three-fifths of all the members elected to each of the two
Houses of the General Assembly the same shall take effect
from the date of its passage.

Approved February 14, 1939.

CHAPTER 9.
(Senate Bill 82)

AN ACT to repeal and reenact with amendments Sections
288, 288A, 289 and 291 of Article 8 of the Code of Public
Local Laws of Maryland (1930 Edition), title "Cecil


 

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Session Laws, 1939
Volume 581, Page 15   View pdf image (33K)
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