1540 LAWS OF MARYLAND. [CH. 681

SEC. 3. And be it further enacted, That the Governor,
Comptroller 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 certificates
of indebtedness of the State in good and sufficient form to
aggregate the amount of Three Million Dollars ($3, 000, -
000. 00) as evidence of such loan; such, certificates of indebted-
ness shall bear date as of the time of their issue, as provided
in Section 1 of this Act, and shall not be issued in less sums
than One Hundred Dollars ($100) but may be issued in sums
of One Hundred Dollars ($100) or any multiple thereof.
Each of said certificates shall be signed by the Treasurer of
the State and countersigned by the Comptroller of the Treas-
ury, and shall bear interest at the rate fixed by resolution of
the said Board of Public Works, payable semi-annually; such
portions of said certificates shall be registered and such por-
tions shall have interest coupons attached thereto, as the Gov-
ernor, Comptroller of the Treasury and Treasurer, or a ma-
jority of them, shall determine.

SEC. 4. And be it further enacted, That in order to provide
for the selling of the certificates of indebtedness aforesaid, to
be issued under the provisions of this Act, the Governor,
Comptroller of the Treasury and the Treasurer of this State,
or a majority of them, are hereby directed to advertise twice
a week for four successive weeks before the said certificates of
indebtedness, or any part thereof, shall be issued, in two news-
papers published in the City of Baltimore, that the Treasurer
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 advertise-
ments for bonds or certificates of indebtedness issued under 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 indebtedness
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 men-
tioned 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
certificates of indebtedness as may be mentioned or designated