ALBERT C. RITCHIE, GOVERNOR. 1327

of the interest on and to the retirement of such outstanding
bonds as may be issued under this Act.

SEC. 10. And be it further enacted, That, for the pur-
pose of providing funds for meeting the expenses of the
Commissioners and for designing and construction pur-
chase or acquisition of the water supply, sewerage and
drainage systems provided for by this Act, the Commis-
sioners shall, from time to time, as they deem necessary,
issue bonds upon the faith and credit of Baltimore County
and shall offer said bonds for sale in the open market to the
highest cash bidder by sealed proposals. Before proceeding
to sell any of said bonds in any year said County Commis-
sioners shall advertise once a week for four successive weeks
in one newspaper published in the City of Baltimore, and
once a week for four successive weeks in one newspaper pub-
lished in Baltimore County, and by such other advertisement
as they shall think proper, that they will be in readiness at a
time and place to be named in said advertisement within fifteen
days after its expiration to receive sealed bids for the bonds
described in said advertisement, under such regulations as the
County Commissioners by their order may pass. And all ac-
crued interest between the date of said bonds and the time of
sale and delivery of and payment for said bonds shall be
adjusted with the purchasers thereof. Upon the day mentioned
in said advertisement for opening the bids for the proposals
thereby called for, the County Commissioners shall receive such
sealed proposals for the purchase of such bonds as may be
designated in the advertisement. And on the opening in public
of such sealed proposals as many of said bonds as may have been
so bid for shall be awarded by the County Commissioners of
Baltimore County to the highest responsible bidder or bidders
therefor for cash, if the prices bid are adequate in the judg-
ment of the County Commissioners; and when two or more
bidders have made the same bid and such bid is the highest and
for the whole amount of the bonds so offered for sale, or taken
together in excess of said whole amount, 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 insufficient price be
bid for them, they may be subsequently disposed of under the
direction of the County Commissioners of Baltimore County
at a private sale upon the best terms that can be obtained for
the same; provided they shall not be sold at private sale for