THEODORE R. MCKELDIN, GOVERNOR 915

County (1948 Edition), being Article 3 of the Code of
Public Local Laws of Maryland, said Title being "Public
Works", said new section to be known as Section 356A and
to follow immediately after Section 356 of said Title and
to read as follows:

356A. Whenever there shall be issued simultaneously
Certificates of Indebtedness of two or more County loans
or installments thereof, bidders therefor shall be permitted,
in the discretion of the County Commissioners of Baltimore
County, to bid for the same on an all or none basis on all
or any combination thereof by submitting a separate bid
for each loan or installment thereof and specifying therein
that such bid is conditioned upon acceptance of companion
bids for all or any combination of other loans or install-
ments thereof being simultaneously issued; and, in the
event that such an all or none bid will, if accepted, produce
for Baltimore County a lower net interest cost than the
highest individual bids for each of the two or more County
loans or installments thereof, the County Commissioners of
Baltimore County may accept such an all or none bid, not-
withstanding that one or more of the bids for each loan or
installment thereof, comprising a part of the all or none
bid, if accepted separately, would afford to Baltimore
County a higher net interest cost than an individual bid
for such loan or installment thereof not a part of a bid on
an all or none basis. The provisions of this section shall
apply to all Baltimore County loans now or hereafter
authorized notwithstanding any provision contained in any
Act or Acts expressly authorizing such loans, and all pro-
visions of such Act or Acts, to the extent of their incon-
sistency with the provisions of this section, are hereby re-
pealed.

SEC. 2. 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 health and safety,
and having been passed by a yea and nay vote, supported
by three-fifths of all of the members elected to each of the
two Houses of the General Assembly of Maryland, the same
shall take effect from the date of its passage.

Approved April 11, 1953.