954 LAWS OF MARYLAND. [CH. 366

may be registered, or not registered, and the said certificates, or
any portion thereof, shall have interest coupons attached, or said
certificates, or any portion thereof shall not have interest cou-
pons attached, all as the Governor, Comptroller of the Treasury,
and Treasurer, or a majority of them shall determine.

SEC. 4. And be it further enacted, That in order to provide
for the selling of the certificates of indebtedness aforesaid, to be
issued under the provisions of this Act, the Governor, Comp-
troller 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 certificates of indebted-
ness, or any part thereof, shall be issued in two newspapers pub-
lished in the City of Baltimore, that the Treasurer of this State
will be in readiness at a time within fifteen days after the ex-
piration of said notice to receive bids at such place or places as
may be named in said respective advertisements for bonds or cer-
tificates 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 certificates of indebtedness and the time of sale and
delivery of any payment for said bonds or certificates of indebt-
edness 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 opening 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 cer-
tificates of indebtedness as have been so bid for shall be awarded
by the Governor, Comptroller of the Treasury, and Treasurer, or
a majority of them, to the highest responsible bidder or bidders
therefor for cash, if the prices bid are adequate in the judgment
of the Governor, Comptroller of the Treasury, and Treasurer, or
a majority of them and when two or more bidders have made the
same bid, and such bid is the highest and the certificates so bid
for by the highest responsible bidders are in excess of the whole
amount of the certificates so offered for sale, such bonds or cer-
tificates of indebtedness shall be awarded to such highest respon-
sible bidders, bidding the same price in a ratable proportion;
and if any of said certificates so offered for sale are not bid for,