ALBERT C. RITCHIE, GOVERNOR. 1299

SEC. 4. And be it further enacted, That in order to pro-
vide for the selling of the certificates of indebtedness afore-
said, to be issued under the provisions of this Act, the Gov-
ernor, 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 certifi-
cates of indebtedness, or any part thereof, shall be issued, in
two newspapers published in the City of Baltimore, that the
Treasurer of this State will be in readiness at a 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
advertisements 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 certifi-
cates 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 mentioned in said advertisement as the day for open-
ing 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 in said advertisement; and on the opening of
such sealed proposals, as many of said bonds or certificates of
indebtedness as have been so bid for shall be awarded by the
Governor, Comptroller of the Treasury and Treasurer, or at
majority of them, to the highest responsible bidder or bidders
therefor for cash, if the prices bid are adequate, in the judg-
ment of the Governor, Comptroller of the Treasury and the
Treasurer, or a majority of them, and when two or more bid-
ders have made the same bid, and such bid is the highest and
the certificates so bid for by the highest responsible bidder
are in excess of the whole amount of the certificates offered for
sale, such bonds or certificates of indebtedness shall be awarded
to such 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