640 LAWS OF MARYLAND. [Ch. 345

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 bid-
ding 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 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 dollars ($10, 000), or so much thereof as may be
necessary, shall be paid by the Treasurer of the State upon
the warrant of the Comptroller out of the proceeds of the sale
of said bonds or certificates of indebtedness, for the payment
of the expense of engraving, printing and other outlays con-
nected with the issue of the loan hereby authorized, and for
the payment of the advertising directed by this Act, and all
other incidental expenses connected with the execution of its
provisions in connection with said loan.

SEC. 6. And be it further enacted, That the actual cash
proceeds of the sale of the certificates of indebtedness to be
issued under this Act shall be paid to the Treasurer of the
State upon the warrant of the Comptroller, and such pro-
ceeds shall be used exclusively for the following purposes, to
wit:

The Comptroller shall immediately upon the sale of and pay-
ment for said bonds or certificates of indebtedness, first re-
turn to and credit the Treasurer for whatever advances or
payments may have been made as provided for by Section 5
of this Act; the remainder of said loan shall be credited to
the institutions and departments hereinafter named, in the
amounts hereinafter specified, and by them used, expended and
applied for the following purposes:

To the State Department of Education, for Normal School
construction, improvements and equipment as follows: (1)
Auditorium and Gymnasium; class rooms equipment at Frost-
burg, $50, 000, from the issue of August 15, 1927; (2) Ad-
ministration building and equipment at Salisbury, $300, 000,