1398 LAWS OF MARYLAND.

SEC. 4. And be it further enacted, That the Governor, Comp-
troller of the Treasury and Treasurer, constituting the Board
of Public Works, or a majority of them, are hereby authorized
and directed to have prepared proper bonds or certificates of
indebtedness of the State in good and sufficient form to aggre-
gate the amount of nine hundred and fifty thousand dollars
($950,000) as evidence of such loan; such bonds or certificate
of indebtedness shall bear date as of the time of their issue,
as provided in Section 2 of this Act, and shall not be issued
in less than one hundred dollars ($100) but may be issued in
sums of one hundred dollars ($100) or any multiple thereof.
Each of said bonds or certificates shall be signed by the Treas-
urer of the State and countersigned by the Comptroller of the
Treasury, and shall bear interest at the rate fixed by resolution
of the said Board of Public Works, payable semi-annually; such
portion of said bonds or certificates shall be registered and
such portion shall have interest coupons attached thereto, as
the Governor, Comptroller of the Treasury and Treasurer, or a
majority of them shall determine.

SEC. 5. And be it further enacted, That in order to provide
for the selling of the bonds or certificates of indebtedness afore-
said, to be issued under the provisions of this Act, the Governor,
Comptroller of the Treasury and Treasurer of this State, or a
majority of them; are hereby directed to advertise twice a week
for four successive weeks before the said bonds or certificates
of indebtedness, or any part theeof, shall be issued in two
newspapers published in the City of Baltimore, that the Treas-
urer of this State will be in readiness at any time within fifteen
days after the expiration of said notice to receive bids at
such place or places as may be named in said respective adver-
tisements for bonds or certificates or indebtedness issued un-
der the provisions of this Act, under such regulations as may be
made in the discretion of the Governor, Comptroller of the
Treasury and Treasurer, or a majority of them; and the accrued
interest between the date of the bonds or certificates of in-
debtedness and the time of sale and delivery of and payment for
said bonds or certificates of indebtedness shall be adjusted with
the purchaser thereof under such regulations as may be made in
the discretion of the Governor, Comptroller of the Treasury and
Treasurer, or a majority of them; and upon the day mentioned
in said advertisement as the day for opening the bids for the
proposals thereby called for they shall receive such sealed
proposals for the purchase of as many of such bonds or certifi-