ELIHU E. JACKSON, ESQUIRE, GOVERNOR.

333

between the first day of April and the fifteenth day of May, in the

year eighteen hundred and ninety-one, to exchange at such place

or places as may be named in said respective advertisements,

certificates of indebtedness issued under the provisions of this act

for bonds or evidences of indebtedness of this State, issued under

the respective acts mentioned and referred to in the preamble of

this act, in so far as such bonds or certificates of indebtedness may

then remain unpaid upon the terms hereinafter in this section pre-

scribed; and the treasurer of this State is hereby authorized, and

may be required, between the first day of May and the fifteenth day
of June, in the year eighteen hundred and ninety-one, by the

holder or holders of any of the bonds or evidences of indebtedness

of this State issued under any of the acts mentioned and referred to

in the preamble of this act, to exchange before the fifteenth day

of June, in the year eighteen hundred and ninety-one, and as of

Provisions

the date of the first day of July, eighteen hundred and ninety-one,

or ex-
change.

any part or parts of the certificates of indebtedness of this State,

issued under the provisions of this act, at their face amount and

value for any part of the bonds or evidences of indebtedness of

this State, issued under any of the acts mentioned and referred to

in the preamble of this act, and remaining unpaid of the same

aggregate amount and value; all amounts or differences of in-

terest which may be required to be paid, in making any of the

exchanges authorized by this act, shall be settled in cash; and the

treasurer of this State is hereby directed to pay, out of any money

in the the treasury of this State not otherwise appropriated, upon

the warrant of the comptroller, the amount or amounts of any

such differences to the person or persons entitled to receive the

same; and any such differences, payable to the State, shall be re-

ceived by the said treasurer, upon the warrant of the comptroller,

into the treasury of this State.

SEC. 4. And be it enacted, That if any of the certificates of

indebtedness of this State, issued under the provisions of this

act, remain uuexchauged on the sixteenth day of May, in the year

eighteen hundred and ninety-one, for bonds or certificates of

indebtedness issued under any of the acts mentioned and referred

to in the preamble of this act, the governor, comptroller of the

treasury and treasurer of this State, or a majority of them, may

at any time after said last mentioned day, give notice by adver-

tisements published twice a week for four weeks in two news-

Sealed
proposals.

papers published in each of the cities of Baltimore, Philadelphia

and New York, before the day mentioned in said advertisements

as the day for opening the proposals thereby called for, that they

will receive sealed proposals for the purchase of so many of such

certificates of indebtedness issued under the provisions of this

act, as may not have been exchanged as provided for in this act,

at prices not less than the par or face value of the said certifi-

cates of indebtedness and the interest accruing thereon respec-