WM. T. HAMILTON, ESQUIRE, GOVERNOR.

437

them, from aiding the successful funding of the

" Defence Redemption Loan " by the issuance of

pamphlets setting forth the conditions of the above

loan, should they, in their opinion, deem such a

course advantageous to the interest of the' State.

SEC. 3. And be it enacted, That the manner of

advertising for the purpose hereinbefore stated shall

be as follows: The Governor, Comptroller and Treas-

Manner of ad-

urer, or a majority of them, shall advertise in two

vertising.

newspapers published in the city of Baltimore, and

in one newspaper published in each of the. following

places, to wit: London, England, New York and

Philadelphia twice a week for three months prior to

said first day of January, eighteen hundred and

eighty four, provided that nothing in this act shall

prevent the Governor, Comptroller and Treasurer,

How con-

or a majority of them, from making arrangements at

strued.

any time prior to the dates mentioned in this section,

to exchange old certificates of indebtedness of the

" Defence Loan " for new certificates of the " Defence

Redemption Loan," should they, in their judgment,

deem an earlier exchange more advantageous to the

State.

SEC. 4. And be it enacted, That the Governor,

Comptroller and Treasurer, or a majority of them, be

and they are hereby directed to advertise in the fol-

lowing newspapers, to wit: In two in London, Eng-

land, and in two in the city of Baltimore, and in one

What papers

in each of the following cities, viz : New York, Boston

to advertise in.

and Philadelphia, twice a week for three months prior

to said first day of January, eighteen hundred and

eighty four, offering such remainder of said loan as

shall not have beeti exchanged to the highest bidder

or bidders therefor for cash, to be divided "pro

rata" among the highest bidders therefor should

there be more than one; provided, that no award or

Divided pro

pro rata be made at a rate under par; and provided,

rata.

also, that no certificate of debt issued under this

act shall be issued for a less sum than one hundred

dollars.

SEC. 5. And be it enacted, That whenever the

certificates of debt to be issued under this act shall

be exchanged or sold as herein provided, the Gov-

Rate of inter-

ernor, Comptroller and Treasurer, or a majority of

est.

them making such exchange or sale, shall fix, deter-

mine and set forth in the body of the certificates