HARRY W. NICE, GOVERNOR. 329

Section 336. For the purpose of providing funds for meet-
ing the expenses of the Commissioners and for designing and
construction, purchase or acquisition of the water supply,
sewerage and drainage systems provided for by this Act, the
Commissioners shall, from time to time, as they deem neces-
sary, issue bonds upon the faith and credit of Baltimore Coun-
ty and shall offer said bonds for sale in the open market to
the highest cash bidder by sealed proposals. Before proceed-
ing to sell any of said bonds in any year, said County Com-
missioners shall advertise once a week for four successive
weeks in one newspaper published in the City of Baltimore,
and once a week for four successive weeks in one newspaper
published in Baltimore County, and by such other advertise-
ment as they shall think proper, that they will be in readi-
ness at a time and place to be named in said advertisement
within fifteen days after its expiration to receive sealed bids
for the bonds described in said advertisement, under such regu-
lations as the County Commissioners by their order may
pass. And all accrued interest between the. date of said bonds
and the time of sale and delivery of and payment for said
bonds shall be adjusted with the purchasers thereof. Upon
the day mentioned in said advertisement for opening the bids
for the proposals thereby called for, the County Commission-
ers shall receive such sealed proposals for the purchase of such
bonds as may be designated in the advertisement. And on
the opening in public of such sealed proposals as many of said
bonds as may have been so bid for shall be awarded by the
County Commissioners of Baltimore County to the highest re-
sponsible bidder or bidders therefor for cash, if the prices bid
are adequate in the judgment of the County Commissioners;
and when two or more bidders have made the same bid and
such bid is the highest and for the whole amount of the bonds
so offered for sale, or taken together in excess of said whole
amount, such bonds shall be awarded to such highest respon-
sible bidders bidding the same price in a ratable proportion;
and if any of said bonds so offered for sale are not bid for, or
if any insufficient price be bid for them, they may be sub-
sequently disposed of under the direction of the County Com-
missioners of Baltimore County at a private sale upon the
best terms that can be obtained for the same; provided they
shall not be sold at private sale for less than par and accrued
interest. All payments of the purchase price of said bonds
shall be made to the County Treasurer. Such bonds shall be
designated "Baltimore County Metropolitan District Bonds",
and shall be of such denomination or denominations and of
such type, either serial bonds, sinking fund bonds, or certifi-
cates of indebtedness or other evidences of indebtedness, and
of such periods of maturity, not exceeding fifty years, and