ALBERT C. RITCHIE, GOVERNOR. 1195

Z.................. 9, 000. 00 July 1st, 1953

A A.................. 9, 000. 00 July 1st, 1954

B B.................. 10, 000. 00 July 1st, 1955

SEC. 3. And be it further enacted, That in order to pro-
vide for the selling of said bonds to be issued under the provi-
sion of this Act, the said County Commissioners of Howard
County, or a majority of them, are hereby directed to adver-
tise once a week for four successive weeks, before said bonds
or any part thereof shall be issued, in two daily newspapers
published in the City of Baltimore, and in such other news-
papers as may be determined by the said County Commissioners,
that the said County Commissioners will be in readiness, at a
certain time within fifteen days after the expiration of said
notice, to receive bids at such place as may be named in said
advertisements for bonds issued under the provisions of this
Act, under such regulations as may be made in the discretion
of said County Commissioners, or a majority of them, and the
accrued interest between the date of the bonds and the time
of sale and delivery of, and payment for, said bonds, shall be
adjusted with the purchaser or purchasers thereof, under such
regulations as may be made in the discretion of said Coun-
ty Commissioners, or a majority of them; and at the time
mentioned in said advertisements as the time for opening the
bids for the proposals thereby called for, the said County Com-
missioners shall receive such sealed proposals for the purchase of
as many of such bonds as may be mentioned or designated
in said advertisements; and on the opening of such sealed pro-
posals, as many of said bonds as have been so 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, if the prices bid are adequate in the judgment of said
County Commissioners, or a majority of them; and when two
or more bidders 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 offered
for sale, such bonds shall be awarded to such responsible bid-
ders bidding the same price in a ratable proportion; and if
any of said bonds so offered for sale are not bid for or if au
insufficient price be bid for them, they may subsequently be
disposed of under the direction of said County Commissioners,
or a majority of them, at a private sale upon the best terms
they can obtain for the same; provided said bonds shall not
be sold at private sale for less than par and accrued interest;
and provided further that said County Commissioners in their
discretion shall have the right to reject any, and all bids.