ALBERT C. RITCHIE, GOVERNOR. 869

Comptroller of the Treasury, and shall bear interest at the
rate fixed by resolution of the said Board of Public Works,
payable semi-annually; and any portion or all of said certifi-
cates may be registered, or not registered, and the said certifi-
cates-, or any portion thereof, shall have interest coupons at-
tached, or said certificates, or any portion thereof, shall not
have interest coupons attached, all as the Governor, Comp-
troller of the Treasury, and Treasurer, or a majority of them,
shall determine.

SEC. 4. And be it further enacted, That in order to pro-
vide for the selling of the certificates, of indebtedness afore-
said, to be issued under the provisions of this Act, the Gov-
ernor, Comptroller 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 certifi-
cates of indebtedness, or any part thereof, shall be issued, in
two newspapers published in the City of Baltimore, that the
Treasurer of this State will be in readiness at a time within
fifteen days after the expiration of said notice to receive bids
at such place or places as may be named in said respective ad-
vertisements for bonds or certificates 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 pay-
ment for said bonds or certificates of indebtedness 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 open-
ing the bids for the proposals thereby called for they shall re-
ceive 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 certificates of in-
debtedness 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 judg-
ment of the Governor, Comptroller of the Treasury, and Treas-
urer, or a majority of them, and when two or more bidders
have made the same bid, and such bid is the highest and the