WM. PRESTON LANE, JR., GOVERNOR. 1707

any of the certificates representing said loan or any portion
thereof are to be redeemed and the amount to be redeemed
upon such dates, respectively, according to the serial annu-
ity plan applied to said loan as a whole or to the group of
certificates evidencing a part of said loan issued at a par-
ticular time, as the case may be.

SEC. 2, And be it further enacted, That the Governor,
Comptroller of the Treasury and the Treasurer of the
State, constituting the Board of Public Works, or a major-
ity of them, are hereby authorized and directed to have
prepared proper Certificates of Indebtedness of the State
in good and sufficient form to aggregate the amount of
Eleven Million Six Hundred Ninety-five Thousand Dollars
($11,695,000), as evidence of such loan; such Certificates
of Indebtedness shall bear date as of the time of their
issue as provided in Section 1 of this Act. Each of said
Certificates shall be signed by the Treasurer of the State
and countersigned by the Comptroller of the Treasury.

SEC. 3. And be it further enacted, That in order to
provide for the selling of the Certificates of Indebtedness
aforesaid, to be issued under the provisions of this Act,
the Governor, Comptroller of the Treasury and the Treas-
urer of this State, or a majority of them, are hereby
directed to advertise twice a week for two successive weeks
before the said Certificates of Indebtedness, or any part
thereof, shall be issued, in two newspapers published in
the City of Baltimore, that the Treasurer of this State will
be in readiness at a time within fifteen (15) days after
the expiration of said notice to receive bids at such place
or places as may be named in said respective advertise-
ments for bonds or Certificates of Indebtedness issued
under the provisions of this Act, under such regulations
as may be made in the discretion of the Governor, Comp-
troller of the Treasury and Treasurer, or a majority of
them; and the accrued interest between the date of the
bonds or Certificates of Indebtedness and the time of sale
and delivery of and payments for said bonds or Certifi-
cates of Indebtedness shall be adjusted with the purchaser
thereof under such regulations 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
of such bonds or Certificates of Indebtedness as may be
mentioned or designated in said advertisements; and on the