734

LAWS OF MARYLAND.

aess of this State, issued under the Acts mentioned and referred
to in the preamble of this Act and remaining unpaid of the
aame aggregate amount and value ; all amounts or differences of
interest which may be required to be paid, in making the
exchange authorized by this Act, shall be settled in cash ; and
the treasurer of this State is hereby directed to pay out of any
money in the treasury of this State not otherwise appropriated,
upon the warrant of the Comptroller, the amount or amounts
of any such differences to the person or persons entitled to
receive the same ; and any such differences payable to the State
shall be received by the said treasurer upon the warrant of the
Comptroller of the Treasury of this State.

SEC. 4. And be it enacted, That if any of the certificates of
indebtedness of this State, issued under the provisions of this

Notice to
be given.

Act, remain unexchanged on the sixteenth day of November,
in the year eighteen hundred and ninety-eight, for bonds or
certificates of indebtedness issued under the acts mentioned
and referred to in the preamble of this Act, or unissued for
the other purposes therein provided, the Governor, Comptroller
of the Treasury and Treasurer of this State, or a majority of
them, may at any time after the said sixteenth day of Novem-
ber give notice by advertisement published twice a week for
four weeks in two newspapers published in each of the cities
of Baltimore, Philadelphia and New York, before the day men-
tioned in said advertisements as the day for opening the pro-
posals thereby called for, that they will receive sealed propos-
als for the purchase of so many of such certificates of indebt-
edness issued under the provisions of this Act, as may not have
been exchanged as provided in this Act, at prices not less than
the par or face value of the said certificates of indebtedness
and the interest accruing thereon respectively; on opening of
such proposals so many of said certificates of indebtedness as
have been so bid for, and the accruing interest thereon, may
be awarded by the said Governor, Comptroller of the Treasury
and Treasurer, or the majority of them, to the highest respon-
sible bidder or bidders therefor for cash; and when two or
more bidders have made the same bid, and such bid is the
highest, these certificates of indebtedness eo bid for may be
awarded to such highest responsible bidders ; and if the amount
so bid for at the same highest responsible bid are in excess of
the whole amount of certificates of indebtedness so offered for
sale, such certificates of indebtedness may be awarded to such
highest responsible bidders bidding the same price, in the pro-
portion which the amount each has bid for, bears to the whole