ART. 31.] DEBT—PUBLIC. 613

or a majority of them, are directed to advertise twice a week, for
six weeks, between the first day of January, eighteen hundred
and eighty-nine, and the first day of April, eighteen hundred
and eighty-nine, in two newspapers published in the city of
London, and twice a week, for three successive weeks, between
the first day of March, eighteen hundred and eighty-nine, and
the first day of May, eighteen hundred and eighty-nine, in two
newspapers published in each of the cities of Baltimore, Phila-
delphia and New York, that the treasurer of this State will be
in readiness between the first day of May, eighteen hundred
and eighty-nine, and the fifteenth day of June, in said last men-
tioned year, to exchange at such place or places as may be named
in said respective advertisements, certificates of indebtedness
issued under this article for sterling bonds, or evidences of sterling
indebtedness issued under the said act of eighteen hundred and
thirty-eight, chapter three hundred and eighty-six, upon the terms
hereinafter in this section prescribed; and the treasurer of this
State is authorized and may be required, between the first day of
May and the fifteenth day of June, in the year eighteen hundred
and eighty-nine, by the holders of any of the sterling bonds, or

evidences of sterling indebtedness of this State issued under the
said act of eighteen hundred and thirty-eight, chapter three hun-
dred and eighty-six, to exchange before the fifteenth day of June,
in the year eighteen hundred and eighty-nine, and as of the date of
the first day of July, eighteen hundred and eighty-nine, any part or
parts of the certificates of indebtedness of this State, issued under
the provisions this article, at their face amount and value, for
any part or parts of the sterling bonds or evidences of sterling
indebtedness of this State of the same aggregate amount and value,
estimating each pound sterllng at the value of four dollars
eighty-six cents and six and a-half tenths of a cent. In making
auch exchanges all fractions of such aggregate exchangeable
indebtedness of this State to any holder of such sterling bonds,
or evidences of sterling indebtedness, amounting to less than one
hundred dollars, and all amounts or differences of interest which
may be required to be paid by the State in making any of the

exchanges authorized by this article, shall be settled by the State, or
by the persons liable to pay the same in cash; and all such differ-
ences which may be payable to the State shall be received by