1248 LAWS OF MARYLAND. [Ch. 749]

delivery of and the payment for said bonds and certificates
shall be adjusted with the purchasers thereof under such reg-
ulations as may be made in the discretion of the Governor,
Comptroller of the Treasury and Treasurer, or a majority of
them; and upon the day mentioned in said advertisement, as
the day for opening the bids for the proposals thereby called
for, they shall receive such sealed proposals for the purchase of
as many such bonds or certificates of indebtedness as may be
designated in said advertisement; and on the opening of such
sealed proposals as many of said bonds or certificates of indebt-
edness as have been so bid for shall be awarded by the Gov-
ernor, Comptroller of the Treasury and the 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 of indebtedness so offered for
sale, then such certificates of indebtedness may be awarded to
such highest responsible bidders, bidding the same price in rata-
ble proportion; and if any insufficient price be bid for them they
may be subsequently disposed 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.

SEC. 5. And be it further enacted by the General Assembly
of Maryland, That the sum of three thousand dollars ($3,000),
or so much thereof as may be necessary, is hereby appropriated
for the expense of engraving, printing and advertising as above
mentioned.

SEC. 6. And be it further enacted by the General Assembly
of Maryland, That the County Commissioners for the respective
counties of this State and the Mayor and City Council of Balti-
more are hereby required and directed to levy the State taxes
for the year nineteen hundred and thirteen at one-half of one
cent on each one hundred dollars ($100.00) of its assessable
property, and annually thereafter, during the continuance of
this loan, to be collected according to law, to meet the interest
and create a sinking fund for the redemption of the Consoli-
dated Loan of 1913" created under the provisions of this act.

SEC. 7. And be it further enacted by the General Assembly
of Maryland, That the actual cash proceeds of the sales of the
bonds or certificates of indebtedness to be issued under this act
shall be paid to the Treasurer of this State upon the warrant of
the Comptroller, and such proceeds shall be used exclusively
for the purposes of this act, and the Treasurer of the State, on
the warrant of the Comptroller, shall pay the said sum or sums