ALBERT C. RITCHIE, GOVERNOR. 935

Commissioners, or a majority of them; and at the time men-
tioned in said advertisements as the time for opening the bids
for proposals thereby called for, the said County Commission-
ers 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 proposals,
as many of said bonds as have been so bid for shall be awarded
by 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 Com-
missioners, or a majority of them; and when two or more bid-
ders 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 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.

SEC. 4. And be it further enacted j 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 the engraving or print-
ing of said bonds, and for the payment 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 paid over to the Board of Education of Mont-
gomery County and shall be used, expended and applied
by said Board for the following purposes, to wit:

For the constructing, building, equipping and furnishing
of school gymnasia for the Montgomery County High School
at Rockville, Bethesda Chevy Chase High School, and the
Takoma Silver Spring High School.

Provided, however, that the funds herein enumerated and
for the specific purposes herein outlined shall be expended
as herein set forth and shall not be diverted for any other