ALBERT C. RITCHIE, GOVERNOR. 433

payment for said bonds shall be adjusted with the purchaser
thereof under such regulations as may be made in the discretion
of said County Commissioners 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 adver-
tisement; 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 Commissioners 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 bid-
ders 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 awarded 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 insuffi-
cient price be bid for them they may subsequently be disposed
of under the direction of said County Commissioners or a ma-

jority of them, at private sale, upon the best terms they can
obtain for the same, provided that none of said bonds shall be
sold for less than par and accrued interest.

SEC. 18. And be it further enacted, That before the issuance
of said bonds or any of them, the question of the issuance of
said bonds as hereinbefore set forth shall be submitted to a
vote of the qualified voters of Carroll County, at a special elec-
tion to be held in said county on Monday, the 15th day of May,
1922, and the Supervisors of Election of Carroll County shall
furnish the ballots necessary for said election and shall have
printed on said ballots the title of this Act, and upon said bal-
lots shall be printed these words, with a suitable square to the
right of each:

For the School and Road Bond Issue.

Against the School and Road Bond Issue.
And if at said election the number of ballots cast upon said
question and reading "For the School and Road Bond Issue"
shall exceed the number of ballots cast upon said question and
reading "Against the School and Road Bond Issue, " the said
Board of County Commissioners of Carroll County shall be

authorized and empowered to borrow money on the faith and
credit of said county in an amount not exceeding Seven Hun-
dred Thousand Dollars ($700, 000. 00) and to issue bonds there-