JAS. BLACK GROOME, ESQUIRE, GOVERNOR. 537

it better to accept the offer than to invest in State
or city stocks which pay quarterly dividends of
interest, and thus to accumulate a fund to pay said
bonds when due.
SEC. 3. Be it enacted, That if the bids for redemption	The bids for redemption
are not such as, in the judgment of said commis-
sioners, ought to be accepted, then said commissioners
shall immediately cause all the funds they may have
in hand on that account, to be invested in State
bonds or Baltimore city sixes, and shall collect the
interest quarterly, and reinvest for the purpose of
providing a fund for the payment of said bonds.
SEC. 4 Be it enacted, That the written proposals of
any bond holder to accept payment at a given rate	The written
of discount,' shall bind him to receive payment if the	proposals
commissioners shall decide to accept his proposition,"
and notification of such decision in person or in
writing, shall be pleadable as a tender in any subse-
quent suit on such bond, and be equivalent to tender
on trial.
SEC. 5. Be it enacted, The notice by the commis-
sioners for sealed proposals shall require the pro-	Proposals shall be lodged with.
posals to be lodged with the Clerk of the Circuit
Court for Somerset county, who shall retain the same
unopened until the day appointed for closing the
bids, when he shall take the game to the County
Commissioners, and delivering the same to them,
they shall then be opened, the bids recorded, and
the papers filed in the presence of said Clerk of the
Circuit Court, the State's Attorney, and Sheriff and
Register of Wills of said county, and if any of the
persons cannot attend, then in the presence of such
other person or persons as may attend by written
authority from those interested; and the commis-
sioners shall there and then, in the presence of said
persons, decide whether to accept the lowest bid for	In the presence.
redemption or to invest, as is herein alternatively
authorized, and such decision shall be entered among
the minutes of the commissioners of that day's pro-
ceedings; and if a bid for retiring shall be accepted,
notice shall be immediately given the bidder, in per-
son or in writing, under the hands of the clerk of
said commissioners and the county seal.