HENRY LLOYD, ESQUIRE, GOVERNOR.

like number of newspapers published in each
of the cities of Philadelphia, New York and
Boston; said certificates of indebtedness and
the accruing interest thereon shall be awarded
to the highest bidder or bidders therefor for
cash; and when two or more persons have made
the same bid, and such bid is the highest,
the certificates of indebtedness so bid for shall

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be awarded to such highest bidders; and, if
the amounts so bid for, at the same highest
bid, are in excess of the whole amount of cer-
tificates of indebtedness so offered for sale,
such certificates of indebtedness 'shall be
awarded to such highest bidders, bidding the
same price, in the proportion which the amount
each has bid for bears to the whole amount of
said certificates of indebtedness so offered for
sale.

SEC. 5. And be it enacted, That if any of the
bonds or certificates of indebtedness referred
to in the preamble of this act as becoming due
in the year eighteen hundred and eighty-
seven shall not be exchanged on or before the
first day of July, in the year eighteen hundred
and eighty-seven, for certificates of indebted-
ness issued under this act, the Governor, Comp-
troller and Treasurer of this State, or a majority
of them, shall give notice by advertisement at
such time or times as they, or a majority of
them, may elect, and in such manner and for
such period or periods, as they, or a majority
of them, may prescribe, that they will receive

In case of
two bids of
same amount.

proposals for the purchase, for cash, of so
many of such bonds, equal in face value to the
amount of said bonds due and payable on and
after the first day of July, in the year eighteen
hundred and eighty-seven, which may not
have been exchanged as provided for in this
act, at prices not less than the par of the said
bonds, and the interest accruing thereon; all
coupons on said certificates of indebtedness is-
suedunder the provisions of this act, which shall
have matured or will mature before the time
of such proposed sale, shall be cut from said

Receive pro-
posals.