1260 LAWS OF MARYLAND [CH. 663

jority of them are hereby directed to advertise for at least once
a week for four successive weeks before said bonds or any part
thereof shall be issued, in such newspapers printed and pub-
lished in Carroll County or elsewhere, as may be determined
by said County Commissioners, that the said County Commis-
sioners 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 issued under the provisions of this Act, under
such regulations as may be made in the discretion of said
County Commissioners or the majority of them ; and the ac-
crued interest between the date of the bonds and the time of
sale and the delivery of any payment for said bonds shall be
adjusted with the purchaser thereof under such regulations
as may be made in the discretion of the said County Commis-
sioners 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 as may
be mentioned or designated in said advertisements; and on
the opening of such sealed proposals, as many of said bonds as
have been bid for shall be awarded by the said County Com-
missioners or a majority of them, to the highest responsible
bidder or bidders therefor for cash, at not less than the par
value of said bonds; and when two or more bidders have made
the same bid, and such bid is the highest and the bonds so bid
for by the highest responsible bidders are in excess of the whole
amount of the bonds so offered for sale, such bonds shall be
warded to such highest responsible bidders bidding the same
price in a ratable proportion; and if any of said bonds so
offered for sale are not bid for, or if any insufficient price be
bid for them, they may subsequently be disposed of under the
direction of said County Commissioners or the majority of
them, at private sale upon the best terms they can obtain for
the same; provided they shall not be sold for less than par and
accrued interest.

SEC. 16. And be it further enacted, That the said Board of
County Commissioners is hereby authorized to expend from
the monies realized from the sale of said bonds so much as may
be necessary in payment of the expense of engraving, printing
and other outlays in connection with the issue of the loan
hereby authorized and for the payment of the advertising cli-