258 LAWS OF MARYLAND. [CH. 130

coupons attached, all as the Governor, Comptroller of the
Treasury, and Treasurer, or a majority of them, shall deter-
mine.

SEC. 4. And be it further enacted, That in order to pro-
vide for the selling of the certificates of indebtedness aforesaid,
to be issued under the provisions of this Act, the Governor,
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 certificates
of indebtedness, or any part, thereof, shall be issued, in two
newspapers published in the City of Baltimore, that the Treas-
urer of this State will be in readiness at a time within fif-
teen days after the expiration of said notice to receive bids
at such place or places as may be named in said respective
advertisements 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 certifi-
cates of indebtedness and the time of sale and delivery of
any payment for said bonds or certificates of indebtedness
shall be adjusted with the purchaser thereof under such regu-
lations 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 opening the bids for the proposals; thereby called
for they shall receive 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 indebtedness 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 ade-
quate, in the judgment of the Governor, Comptroller of the
Treasury, and Treasurer, or a majority of them, and when
two or more bidders have made the same bid, and such bid
is the highest and the 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 bid-
ders bidding the same price in a ratable proportion; and if
any of said certificates so offered for sale are not bid for, or