352 LAWS OF MARYLAND. [CH. 150

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 Commission-
ers, 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 dis-
cretion of said County Commissioners, and at the time
mentioned in said advertisements 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 men-
tioned 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 the said County
Commissioners to the highest responsible bidder therefor
for cash, if the prices bid are adequate in the judgment of
said County Commissioners; 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 bid-
ders bidding the same price in a ratable proportion; and
if any of said bonds so offered for sale are not bid for or
if any insufficient price be bid for them they may subse-
quently be disposed of under the direction of said County
Commissioners 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, That the actual cash
proceeds from the sale of said bonds shall be used exclu-
sively for the following purposes, to wit:

(1) For the payment of the costs of the engraving or
printing of said bonds and for the payment of the costs of
advertising authorized by this Act and all other incidental
expenses connected with the issuance of said bonds.

(1-a) The sum of $5, 000 shall first be used, expended and
applied by the Board of Education for the purpose of erect-
ing an addition to the Mt. Lena School and for equipping
and furnishing the same.