870 LAWS OF MARYLAND. [CH. 454

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 certificates of indebtedness shall be awarded
to such highest responsible bidders bidding 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 direc-
tion of the Governor, Comptroller of the Treasury, and Treas-
urer, or a majority of them, at a private sale upon the best
terms they can obtain for the same; provided they shall not bo
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 this State upon
the warrant of the Comptroller out of the proceeds of the sale
of bonds or certificates of indebtedness for the payment of the
expenses of engraving, printing and other outlays connected
with the issue of the loan hereby authorized, and for the pay-
ment of the advertising directed by this Act, and all other
incidental expenses connected with the execution of its pro-
visions 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 used exclusively for the follow-
ing purposes, to wit:

The Comptroller shall, immediately upon the sale of and
payment for said bonds or certificates of indebtedness, first re-
turn to and credit the Treasury with whatever advances or
payments may have been made as provided for by Section 5
of this Act. The remainder of the proceeds of said loan shall
thereupon be turned over to the State Roads Commission and
used by it from time to time as and when the same shall be-
come necessary for the following purposes: Two hundred and
fifty thousand dollars ($250, 000) of such remainder from the
issue of 1927 or so much of two hundred and fifty thousand
dollars ($250, 000) as shall be necessary, shall be used and
expended for the completion of the Crain Highway. After
the Commission has provided for this expenditure then one-
fifth (1/5) of the remainder shall be used and expended in
the City of Baltimore for grading, paving and curbing of such
streets and highways or portions thereof, as may be selected
by the State Roads Commission. After the foregoing expendi-