EDWIN WARFIELD, ESQ., GOVERNOR.

401

Governor, Comptroller of the Treasury and Treasurer, or

a majority of them; and upon the day mentioned in the said

Sealed pro-
posals.

advertisement as the day for openng the bids for the prop-

ositions thereby called for, they will receive such sealed

proposals for the purchase of as many of such certificates

of indebtedness as may be designated in said advertisement,

and on the opening of such sealed proposals, as many of such

certificates of indebtedness as have been so bid for shall be

awarded by the Governor, Comptroller of the Treasury and

the Treasurer, or a majority of them, to the highest responsi-

ble bidder or bidders therefor for cash, if the prices bid are

adequate in the judgment of the Governor, Comptroller of

the Treasury and Treasurer, or a majority of them; and when

two or more bidders 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 amount of

the certificates so offered for sale, such certificates of indebt-

edness shall be awarded to such highest responsible bidders

Highest re-

bidding the same price in a ratable proportion ; and if any of

sponsible bid-
ders.

said certificates so offered for sale are not bid for, or if any

insufficient price be bid for them, may be subsequently dis-

posed of under the direction of the Governor, Comptroller

of the Treasury and Treasurer, or a majority of them, at

private sale, upon the best terms they can obtain for the same ;

provided they shall not be sold for less than par and accrued

interest.

SEC. 4. And be it enacted, That the actual cash proceeds of

the sales of the certificates of indebtedness to be issued under

Proceeds of
sale.

this Act shall be paid to the Treasurer of this State upon the

warrant of the Comptroller, and such proceeds shall be used

exclusively as far as the same are required for the purposes

hereinbefore mentioned, to wit : the sum of six hundred thou-

sand dollars for the purpose of completing and repairing the

State House, in the City of Annapolis, two hundred thousand

dollars for the purpose of completing the construction of an

annex to the Maryland House of Correction, two hundred

thousand dollars for the purpose of the completion of the

Springfield State Hospital, sixty-six thousand dollars for the

purpose of construction and completion of the buildings of

the Maryland Asylum and Training School for the Feeble

Minded, fifty-seven thousand dollars for the purpose of con-

struction and completion of buildings of the Maryland Agri-

cultural College, fifty-three thousand dollars for the purpose

of construction and completion of buildings for the Maryland

Hospital for the Insane, ten thousand dollars for the purpose