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Session Laws, 1948, House and Senate Journals
Volume 585, Page 30   View pdf image (33K)
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30 LAWS OF MARYLAND. [CH. 12

be payable. In case any of the officers whose signatures ap-
pear on the bonds and coupons shall cease to be such officers
before the delivery of such bonds, such signatures shall
nevertheless be valid and sufficient for all purposes, as if they
had remained in office until such delivery. The bonds may be
made registerable as to principal only, under such terms and
conditions as may be determined by said County Commis-
sioners.

SEC. 3. And by it further enacted, That the County Com-
missioners of Wicomico County shall advertise the sale of the
said bonds in at least two newspapers published in Wicomico
County, Maryland, and by such other advertisement as may to
them seem proper and advisable, inviting sealed proposals for
the purchase of said 'bonds or any part thereof with the privi-
lege of rejecting any or all bids, and no bid shall be accepted at
less than par and accrued interest; the entire issue of bonds
may be offered at one time, or they may be offered in varying
amounts at different intervals, as may seem most advan-
tageous to the Board of Education of Wicomico County in
completing the construction, or aiding in construction, mak-
ing additions and improvements to and equipment of the
schools for the erection of which the proceeds of said bonds
are to be used; and no part of the money arising from the
sale of said bonds shall be used except for the purposes
designated and provided for in this Act, except that any
accrued interest shall be set aside in a separate interest fund
and be devoted to the payment of the first maturing coupons,
and provided further, that the cost of engraving or printing
of said bonds and the cost of advertising authorized by this
Act, and any other expenses incidental to the issuance and
sale of said bonds, may be paid out of said funds.

SEC. 4. And be it further enacted, That the proceeds aris-
ing from the sale of said bonds shall be paid over to the
Treasurer of Wicomico County, and credited by him to the
Board of Education of Wicomico County, to be used in the
discretion of the members of said Board of Education and
under their supervision and direction for building or aiding
in building, making additions and improvements to and
equipping the aforesaid school buildings. Said Board of
Education shall have full authority to contract for, supervise,
direct and control such work in such manner as in their
discretion they may deem to the best public interest, and full
power is given them to employ and pay out of the said funds
all architects, builders, or other persons, supervisors or
agents, as to them may seem advisable and necessary; and
the Board of Education of Wicomico County and the County
Commissioners of Wicomico County shall jointly agree and
determine what part of the aforesaid funds shall be used
for, or allocated to, each of the aforesaid school buildings.

 

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Session Laws, 1948, House and Senate Journals
Volume 585, Page 30   View pdf image (33K)
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