734 LAWS OF MARYLAND. [CH. 405

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 dis-
cretion of said County 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 Commissioners shall receive such sealed pro-
posals 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 proposals, as many of said bonds as
have been so bid for shall be awarded by said County Com-
missioners 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 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 an insufficient pride 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 fur-
ther that said County Commissioners, in their discretion,
shall have the right to reject any and all bids.

SEC. 4. And be it further enacted, That the actual cash
proceeds of the sale of said bonds shall be used exclusively for
the following purposes, to wit: (1) For the payment of the
cost of engraving or printing of said Bonds and for the pay-
ment of the cost of the advertising authorized by this Act and
all other incidental expenses connected with the issuance of
said Bonds; (2) The remainder of the proceeds of the sale of
said bonds shall be used, expended and applied by the said
Board for the following purposes, to wit: To purchase sites for,
build, construct, equip and furnish as in the judgment of a
majority of the said Board may seem best, two County Police
Stations, one of said stations to be located on or near the
Georgetown-Rockville Turnpike or Wisconsin Avenue extended