894 LAWS OF MARYLAND. [CH. 452

Commissioners shall receive such sealed proposals for the
purchase of as many of such bonds as may be mentioned or
designated in said advertisements; and on the opening of such
sealed proposals, as many of said bonds as have been so bid
for shall be awarded by the said County Commissioners to
the highest responsible bidder therefor for cash, if the prices
bid are adequate in the judgment of said County Commis-
sioners; and when two or more bidders have made the same
bid and such bid is the highest and the bonds so bid for by the
highest responsible bidders are in excess of the whole amount
of the bonds offered for sale, such bonds shall be awarded to
such responsible 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 subsequently be disposed of under the direction of said
County Commissioners at a private sale upon the best terms
they can obtain for the same; provided said bonds shall not
be sold at private sale for less than par and accrued interest;
and provided further, that said County Commissioners in
their discretion shall have the right to reject any and all bids.
It shall not, however, be necessary for the County Commis-
sioners of Washington County to advertise for bids for said
bonds or to sell the same to the highest responsible bidder in
case the said bonds or any part of said bond issue are sold to
any Federal Agency, by which term is meant, the United
States of America, the President of the United States, the
Federal Emergency Administrator of Public Works, or such
other agency as may be designated or created by Act of Con-
gress of the United States of executive order of the President
of the United States to make grants or loans pursuant to the
National Industrial Recovery Act or any Act of the Congress
of the United States of America to encourage public works.
If the County Commissioners of Washington County shall
decide that it is advisable and for the benefit of the County to
take advantage of the plans of any such Federal Agency which
may provide assistance in the construction of public works
either by making a grant of money, loan, or some other method
of financing, then and in that event the County Commissioners
of Washington County are authorized to sell said bonds upon
the best terms they can make in connection therewith, pro-
vided that the sale shall be for cash payable at the time of
the delivery of the bonds or in such deferred payments in the
course of construction as may be required by such Federal
Agency and provided further that said bonds shall not be
sold for less than par.

SEC. 4. And be it further enacted, That the actual cash pro-
ceeds from the sale of said bonds shall be used exclusively for
the following purposes, to wit: