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Session Laws, 1955
Volume 620, Page 351   View pdf image (33K)
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THEODORE R. McKELDIN, GOVERNOR                     351

residue of said money in said account shall be retained in said account
for further payments of principal and interest on said bonds. The
Commission is authorized to pay the interest on any bonds it may
issue out of the proceeds of the sale of said bonds, but not more than
one year's interest may be so expended.

In order that the prompt payment of interest and the proper pro-
vision for the payment of the principal of said bonds shall be assured,
the prompt and proper performance of the respective acts and duties
heretofore defined is specifically required, and any failure upon the
part of any person, persons, body corporate or agent to perform the
necessary acts and duties hereafter set forth, to pay over the said
funds as required, or to use said funds or any part thereof for any
other purpose than for the payment of the principal and interest on
said bonds, is hereby declared a misdemeanor and punishable as other
misdemeanors are punishable by Section 445 of this sub-title. Likewise
whenever any part of any sewerage or water plant shall need to be en-
larged, rebuilt or re-equipped whether due to increased use, obsoles-
cence, exhaustion or otherwise, and no new assessable front foot bene-
fits arise therefrom or such as may arise do not fairly represent all the
benefits of such new re-equipment or enlargement since it serves in
whole or in part territories already assessed on a front foot basis for
the service to which such new re-equipment or enlargement is an im-
provement, then if the depreciation and other reserves applicable to
this plant improvement plus any newly assessable front foot benefits
(if any) are not sufficient to construct or finance such re-equipment
or enlargement, the Commission may certify to the Board of County
Commissioners the deficiency, the assessable value of the sanitary
district or districts to be served by such re-equipment or enlargement
and an ad valorem tax not to exceed ten cents (10C) per one hundred
dollars ($100.00) of assessable value and the Board of County Com-
missioners may levy such tax on the assessable property within the
district or districts benefited. Should receipts from said tax or other
sources be inadequate to deposit the year's Sinking Fund increment
on said bonds for reason of default or otherwise, such deficiency may
be added to and collected in the next year's tax or the County Com-
missioners may levy against all taxable property in Wicomico County
a sufficient sum to make up the deficiency.

429. Whenever the plans and specifications for water supply or
sewerage systems for any sanitary district shall have been completed
and the Commission shall have decided after opportunity for a hear-
ing has been given to proceed with the construction thereof, it shall
advertise, by notice in one newspaper published in said County and
such newspapers and technical press as it may deem proper, for bids
for the construction of said system or systems, in part or as a whole,
as in its judgment may appear advisable. The contract shall be let
to the lowest responsible bidder, or the Commission may reject
any and all bids, and, if in its discretion the prices quoted are unrea-
sonable or unbalanced, it may re-advertise the work or any part of it
or may do any part or all of the work by day labor; provided that at
any time the Commission may, in its discretion, expend by day
labor for construction work an amount not exceeding Five Thousand
Dollars ($5,000.00) without advertising or receiving bids. All such
contracts shall be protected by such bonds, penalties and conditions as


 

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Session Laws, 1955
Volume 620, Page 351   View pdf image (33K)
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