474 LAWS or MARYLAND. [CH. 203

sponsible bidders bidding the same price in a ratable propor-
tion; 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 Gov-
ernor, Comptroller of the Treasury, and Treasurer, or a ma-
jority 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 ten
thousand ($10, 000) dollars, or so much thereof as may be nec-
essary, 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 inci-
dental expenses connected with the execution of its provisions
in connection with said loan.

SEC. 6. And be it further enacted, That the actual cash pro-
ceeds of the sale of the certificates of indebtedness to be issued
under this Act shall be used exclusively for the following pur-
poses, to wit:

The Comptroller shall, immediately upon the sale of and
payment for said bonds or certificates of indebtedness, first re-
turn to and credit the Treasury with whatever advances or pay-
ments may have been made as provided for by Section 5 of this
Act. The remainder of the proceeds of said loan shall there-
upon be turned over to the State Roads Commission and used
by it from time to time, as and when the same shall become
necessary, for the following purposes: Said proceeds shall be
used and expended by the State Roads Commission, first, one
hundred fifty thousand dollars ($150, 000) as hereinafter di-
rected, for the construction of such bridges in the several coun-
ties of the State as may be selected by the State Roads Com-
mission; second, one-half of the residue of the net proceeds re-
ceived from the sale of said bonds or certificates of indebted-
ness, with the aid of Federal funds appropriated for such pur-
pose by any Act or Acts of Congress, for the construction, in
the several counties of the State, of such rural post roads as
may be selected by the State Roads Commission; and third, the
remaining one-half of the net proceeds derived from the sale
of such bonds or certificates of indebtedness shall be used, with
an equal sum to be raised by the several counties of the State,