EMERSON C. HARRINGTON, GOVERNOR. 233

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 desig-
nated in said advertisement; and on the opening of such sealed
proposals, as many of said bonds or certificates of indebted-
ness as have been so bid for shall be awarded by the Governor,
Comptroller of the Treasury and Treasurer, or a majority of
them, to the highest responsible bidder or bidders therefor
for cash, if the prices bid are adequate, in the judgment of
the Governor, Comptroller of the Treasury and Treasurer, or
a majority of them; and when two or more bidders have made
the same, bid, and such bid is the highest and the certificates
so bid for by the highest responsible bidders are in excess of
the whole amount of the certificates so offered for sale, such
bonds or certificates of indebtedness shall be awarded to such
highest responsible bidders bidding the same price in a ratable
proportion; and if any of said certificates so offered for sale
are not bid for, or if any insufficient price be bid for them,
they may be subsequently disposed of under the direction of
the Governor, Comptroller of the Treasury and Treasurer, or
a majority of them, at a private sale upon the best terms they
can obtain for the same; provided they shall not be sold at
private sale for less than par and accrued interest.

SEC. 5. And be it further enacted, That the sum of Eight
Thousand ($8, 000) Dollars, or so much thereof as may be
necessary, shall be paid by the Treasurer of this State upon
the warrant of the Comptroller out of the proceeds of the sale
of bonds or certificates of indebtedness, for the payment of the
expense of engraving, printing and other outlays connected
with the issue of the loan hereby authorized, and for the pay-
ment of the advertising directed by this Act, and all other in-
cidental expenses connected with the execution of its provisions
in connection with said loan.