ART. 31.] DEBT—PUBLIC. 615

can obtain for the same; provided, that they shall not be sold for
less than par ond accrued interest.

1888, ch. 201, sec. 5.

7. Any bidder making an accepted bid, under the proposals
herein provided for, for the sale of certificates of indebtedness
not exchanged for said sterling bonds, or evidences of sterling
indebtedness, shall have the privilege of paying for said certifi-
cates of indebtedness so purchased, or for any part thereof, in
the unexchanged sterling bonds, or evidences of sterling indebt-
edness, intended to be redeemed by the proceeds of such sale
estimating the value of such sterling bonds and evidences of
sterling debt at the rate of four dollars and .eighty-six cents and
six and a-half tenths of a cent for each pound sterling, with a
further credit, at the same valuation, for any accrued and unpaid
sterling interest thereon.

Ibid. sec. 6.

8. The actual cash proceeds of such sales, of any such certifi-
cates of indebtedness, shall be paid to the treasurer of the State,
upon the warrant of the comptroller; and such proceeds shall be
used exclusively for the redemption and payment of said sterling
bonds, or evidences of sterling indebtedness, of this State.

Ibid. sec. 7.

9. The sum of twenty thousand dollars, or so much thereof as
may be necessary, is hereby appropriated, out of any money in
the treasury not otherwise appropriated, for the payment and
settlement of all amounts or differences of interest required to
be paid by the State in making any of the exchanges authorized
by this article, and not hereinbefore or otherwise provided for,
and for the payment of the expenses of the engraving, or
printing, and other expenses connected with the issue of the
exchange loan authorized by this article, and for the payment
of the advertising directed by this article, and of all incidental
expenses necessarily connected with the execution of the pro-
visions thereof; and the said sum of money, hereby appro-
priated, shall be paid, as required, by the treasurer of this
State, upon the warrant of the comptroller of the treasury, upon
vouchers approved by the comptroller of the treasury.