ALBERT C. RITCHIE, GOVERNOR. 963

forty years from the date of issue, and provided further that
said bonds shall be issued prior to February 15, 1929.

SEC. 3. And be it further enacted, That in order to provide
for the selling of said bonds to be issued under the provisions
of this Act, the said Board of County Commissioners of Mont-
gomery County, or a majority of them, are hereby directed to
advertise once a week for four successive weeks before said
bonds, or any part thereof, shall be issued in such newspapers
as may be determined by the said Board, that the said Board of
County Commissioners will be in readiness at a certain time
within fifteen days after the expiration of said notice, to receive
bids at such place as may be named in said advertisements, for
bonds issued under the provisions of this Act, under such
regulations as may be made in the 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 discretion of said County Commissioners, or a
majority of them; and at the time mentioned in said advertise-
ments as the time for opening the bids for the proposals thereby
called for, the said County Commissioners 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 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 award-
ed 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 Com-
missioners, in their discretion, shall have the right to reject any
and all bids.