Saint Mary's beacon. [volume] (Leonard Town, Md.) 1867-1983, 1916-02-24


County Roads Commission, ? 81
q majority Of them are hereby d.
rected 10 advertise once a week for
three successive weeks in the coun-
ty papers and az least one paper
published il the City Of Baltimore,
that they will receive bids at such
place Or places as may be named in
! said respective advertisements, for
bonds Or certificates Of indebtedness
issued under the provisions Of this
Act, under such regulations as may
be made in the discretion Of the
County Roads Commission, or a
majority o. them, and the accrued
interest between the date OF bonds
or certificates Of indebtedness and
and the time Of sale and delivery Of
and payment for said bonds Or
certificates, shall Be adiussed with
the purchaser thereof under such
regulations as may be made in the
! discretion 81 the County Roads
! Commission Or a majority Of
them; and upon the day mentioned
in SAID advertisemenE'as the day for
opening the bids for the proposals
thereby called for they shall receive
such sealed PROPOSALS for the pur-
chase Of as many Of said certificates
Of Indebtedness as may be desig-
mated in said advertisement; and
on the opening Of snch sealed bids,
as many Of said certificates Of In
debtedness AZ have been 80 bid for
shall be awarded by said County
Roads Commission" Or majority
Of them, 70 the highest responsible
bidder or bidders therefor for cash;
I if the prices bid are inadequate. in
the Judgment Of the County Roads
Comniission or a majority Of
them, and when two or more bid
ders have made the same bid, and
such bid Is the highest and the
certificates SO bid for BY the highest
responsible bidders are In excess OF
the whole amonut Of the certificates
10 offered for sale, such certificates
Of Indebtedness shall be awarded
surh highest responsible bidders
bidding the same price 10 a ratable
proportion; and If any Of said ceftiii-
Gates so offered for sale are not bid
for, Or il al insufficient price be bid
for them, they may subsequently, be
DISPOSED o. under the direction Of
she said County Roads Commits
SION, Or majority Of them, At
! private sale npon the best terms
they can obtain FOR them provided,
thcs shall NOT be sold ~ priyatesale
for less than par aud accrued inter
est.
sfc III The actual cash pro-
eee,ls to be derived from the sale Of
/ the certificates ii Indebtedness 10 be
sold under Toe provisions Of this
Act, shall be used b. the Comfy
Roads Commission ef 81. Mays
County for the purposes hereh,be-
fore, il this Act, setforth.
sEc. IL Inasmuch AZ the pur-
poses contemplated bv this Act may
not necessitate the sale, 1t any one
time or ia any one year, Of the total
amount Of the certificates Of IN
debtedness a. provided for IN Sec
tion 9 Of this Act, the said 'Coun-
I y Roads Commission, Or 1 ma
jority Of them. mag issue adver-
tisements from time to time, in ac-
cordance with the provisions Of
this Act. for such parts 81 said
loan, authorized N any one year, as
may to the said County Roads
Commission, Or a majority Of
them, seem most wise and adyan-
tageous.
l sEc. 10. And be it enacted,
Tint the term commission where
ever used in this Act shall Be con-
structed 10 moan 4 majority Of the
members Of the County Roads
Commission Of 81. Mary's County
Ssc, a. And be il enacted,
That Sections and 2 Of Article IS
loo the Code Of Public General
Laws, title County Commission
ers' in so far as they relate to 81,
Mays County, be and the same
are hereby repealed
SIC rs And be it further en-
acted, That this Act shall take Of
from the FIRST day Of june. 1916