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Session Laws, 1953
Volume 606, Page 258   View pdf image (33K)
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258 LAWS OF MARYLAND [CH. 131

County (1948 Edition), being Article 3 of the Code of
Public Local Laws of Maryland, said Title being "Public
Works, " as amended by Chapter 761 of the Acts of 1949,
relating to the manner of accepting bids for and the
execution of Certificates of Indebtedness issued pursuant
to the provisions of said section.

SECTION 1. Be it enacted by the General Assembly of
Maryland,
That Section 356 of the Code of Public Laws
of Baltimore County (1948 Edition), being Article 3 of
the Code of Public Local Laws of Maryland, said title be-
ing "Public Works", as amended by Chapter 761 of the
Acts of 1949, be and the same is hereby repealed and re-
enacted, with amendments to read as follows:

356. For the purpose of providing funds for meeting the
expenses of the Commissioners and for designing and con-
struction, purchase or acquisition of the water supply, sew-
erage and drainage systems provided for by this Act, the
Commissioners shall, from time to time, as they deem neces-
sary, issue bonds upon the faith and credit of Baltimore
County. Except as hereinafter provided said County Com-
missioners shall offer said bonds only by solicitation of
competitive bids therefor at public sale, which offering,
except as herein otherwise provided, shall be made in ac-
cordance with the provisions of Section [35] 33 of Article
31 of the Code of Public General Laws of Maryland
([1939] 1951 Edition). Said County shall, by ordinance or
resolution, fix the terms and conditions of the public sale
or sales of such bonds and said ordinance or resolution
shall adopt suitable forms of notice of such sale or sales
which shall briefly outline the terms and conditions thereof
in accordance with the provisions of this Act. In lieu of
publishing said entire notice of sale, in any instance, said
County Commissioners may, if it so elects, in any such
ordinance or resolution provide for the publication of a
brief summary of any such notice which need not contain
all or any of the information called for by said Section [35]
33 of Article 31 but which shall state where interested
parties may obtain a complete copy of any such notice of
sale. Each such notice of sale may also contain a brief
summary of pertinent current financial information or in-
dicate from whom such information may be obtained. And
all accrued interest between the date of said bonds and the
time of sale and delivery of and payment for said bonds
shall be adjusted with the purchasers thereof. Upon the
day mentioned in any such notice of sale or summary
thereof for opening the bids for the proposals thereby


 

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Session Laws, 1953
Volume 606, Page 258   View pdf image (33K)
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