236 LAWS OF MARYLAND.

of six hundred thousand dollars ($600,000) as evidence of said
loan; such certificates of indebtedness shall bear dates as pro-
vided in Section 2 of this Act, said bonds to be issued in any
denomination not less than one hundred dollars ($100) or
greater than one thousand dollars ($1,000) as may be deter-
mined by the Governor, Comptroller and Treasurer or a ma-
jority of them, each of said certificates shall be signed by the
Treasurer of the State and countersigned by the Comptroller,
and shall bear interest not exceeding four per cent. (4%) per
annum, payable on the first days of January and July of each
year; such portion of said certificates shall be registered and
such portion shall have interest coupons attached thereto, as
the Governor, Treasurer and Comptroller of the Treasury, or
a majority of them, shall determine.

SEC. 4. Be it further enacted by the General Assembly of
Maryland, That in order to provide for the selling of the cer-
tificates of indebtedness aforesaid, to be issued under the pro-
visions of this Act, the Governor, Comptroller of the Treasury
and Treasurer of the State, or a majority of them, are hereby
directed to advertise twice a week for four successive weeks,
between the first day of December, 1910, and the first day of
January, 1911, and a like notice between the first day of June
and the first day of July, 19) 1, in two newspapers published in
the City of Baltimore, and once a week for four successive
weeks in one newspaper published in each county of the State,
and once a week for four successive weeks in one weekly news-
paper published in Baltimore City, that the Treasurer of this
State will be in readiness between the first and fifteenth days
of January, 1911, and between the first and fifteenth days of
July, 1911, to receive bids at such place or places as may be
named in said respective advertisements for bonds or certifi-
cates of indebtedness issued under the provisions of this Act,
under such regulations as may be made in the discretion of
the Governor, Comptroller of the Treasury, and the Treasurer,
or a majority of them; and the accrued interest, between the
date of the bonds or certificates and the time of sale and deliv-
ery of and the payment for said bonds and certificates, shall
be adjusted with the purchaser or purchasers thereof under
such regulations as may be made in the discretion of the Gov-
ernor, Comptroller of the Treasury and Treasurer, or a major-
ity of them; and upon the day mentioned in said advertise-
ment, as the day for the opening the bids for the proposals
thereby called for, they shall receive such sealed proposals for
the purchase of as many such certificates of indebtedness as
may be designated in said advertisement; and on the opening
of such sealed proposals as many of said certificates of indebt-
edness as have been so bid for shall be awarded bv the Gov-