put it in pom.xml
<repositories>
		<repository>
			<id>project-repository</id>
			<url>file://${basedir}/lib</url>
		</repository>
<repositories>

and run it from /lib in your project
mvn install:install-file -Dfile=mdsjar.jar -DgroupId=mds-DartifactId=mds -Dversion=0.9-Dpackaging=jar -DlocalRepositoryPath=. -DcreateChecksum=true -DgeneratePom=true