clear space clear space clear space white space
A
 r c h i v e s   o f   M a r y l a n d   O n l i n e

PLEASE NOTE: The searchable text below was computer generated and may contain typographical errors. Numerical typos are particularly troubling. Click “View pdf” to see the original document.

  Maryland State Archives | Index | Help | Search
search for:
clear space
white space
Session Laws, 1941
Volume 582, Page 1304   View pdf image (33K)
  << PREVIOUS  NEXT >>
clear space clear space clear space white space

1304 LAWS OF MARYLAND. [CH. 751

have been so bid for shall be awarded by 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 the said County Commissioners, and when two or more
bidders have made the same bid, and such bid is the highest
and the notes so bid for by the highest responsible bidders
are in excess of the whole amount of the notes offered for
sale, such notes shall be awarded to such responsible bidders
bidding the same price in a ratable proportion; and if any
of said notes so offered for sale are not bid for, or if an insuffi-
cient 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;
and provided further that said County Commissioners, in their
discretion, shall have the right to reject any and all bids.

SEC. 4. And be it further enacted, That the actual proceeds
of the sale of said notes if issued shall be used exclusively for
the following purposes, to wit:

(a) The payment of the cost of engraving or printing of
said notes, and for the payment of the cost of advertising
authorized by this Act and all other incidental expenses in
'Connection with the issuance of said notes.

(b) The remainder of the proceeds of the sale of said notes
shall be used by the County Commissioners of Montgomery
County, and shall be used, expended and applied by the said
Board for the purchase of voting machines used at elections
held in Montgomery County, in accordance with the provisions
of Chapter 337 of the Acts of the General Assembly of 1937,
and any amendments thereto.

SEC. 5. And be it further enacted, That for the purpose of
paying the interest on all or any of the notes hereinabove
authorized and for the purpose of paying the notes themselves
as they respectively mature and are payable after the issue
and sale thereof pursuant to the provisions of this Act, the
Board of County Commissioners of Montgomery County shall
annually until all the said notes issued under the provisions
of this Act shall have matured and have been paid, levy a tax
upon all the assessable property in said county sufficient to
pay the annual interest on all of said notes that may be issued
and outstanding as said interest becomes due and payable, and
also a tax in each year upon all said assessable property in
said county sufficient to pay the principal of said notes as said
notes respectively mature and are due and payable.

SEC. 6. And be it further enacted. That this Act is hereby
declared to be an emergency law and necessary for the imme-

 

clear space
clear space
white space

Please view image to verify text. To report an error, please contact us.
Session Laws, 1941
Volume 582, Page 1304   View pdf image (33K)   << PREVIOUS  NEXT >>


This web site is presented for reference purposes under the doctrine of fair use. When this material is used, in whole or in part, proper citation and credit must be attributed to the Maryland State Archives. PLEASE NOTE: The site may contain material from other sources which may be under copyright. Rights assessment, and full originating source citation, is the responsibility of the user.


Tell Us What You Think About the Maryland State Archives Website!



An Archives of Maryland electronic publication.
For information contact mdlegal@mdarchives.state.md.us.

©Copyright  October 10, 2023
Maryland State Archives