168 LAWS OF MARYLAND. [CH. 91

thereof shall not have interest coupons attached, all as the
Governor, the Comptroller of the Treasury and the Treas-
urer or a majority of them shall determine.

SEC. 4. And be it further enacted, That in order to
provide 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 Treas-
urer 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 Treasurer of this State
will be in readiness at a time within fifteen days after
the expiration of said notice to receive bids at such place
or places as may be named in said respective advertise-
ments for bonds or Certificates of Indebtedness issued un-
der the provisions of this Act, under such regulations as
may be made in the discretion of the Governor, Comp-
troller of the Treasury and Treasurer, or a majority of
them; and the accrued interest between the date of the
bonds or Certificates of Indebtedness and the time of sale
and delivery of and payment for said bonds or Certificates
of Indebtedness shall be adjusted with the purchaser there-
of under such regulations as may be made in the discre-
tion of the Governor, Comptroller of the Treasury and
Treasurer, or a majority of them; and upon the day men-
tioned in said advertisement as the day of opening the
bids for the proposals thereby called for, they shall re-
ceive 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 adequate, 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 bidder
are in excess of the whole amount of the Certificates of-
fered for sale, such bonds or Certificates of Indebtedness
shall be awarded to such 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