ALBERT C. RITCHIE, GOVERNOR.                1285

of this Act, the said Board of County Commissioners of Dor-
chester County, or a majority of them, are hereby directed to
advertise once a week for three successive weeks before the
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 sealed 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
payment shall be adjusted with the purchaser or purchasers
thereof; and at the time mentioned in said advertisements as
the time for opening the bids, the said County Commissioners
shall receive such sealed bids for the purchase of as many of
such bonds as may be mentioned or designated in said adver-
tisement; and on the opening of such sealed bids 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 thereof, for cash, if the prices
bid are adequate in the judgment of the said County Commis-
sioners, 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 ex-
cess 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 any 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 that can be obtained
for the same, provided that no bonds shall be sold at a private
sale at less than par value and accrued interest; and provided
further, that the said County Commissioners, in their discre-
tion, shall have the right to reject any and all bids.

SEC. 4. And be it further enacted, That the actual pro-
ceeds of the sale of said bonds shall be used exclusively for the
following purposes, to wit:

(a) For the payment of the cost of engraving or printing of
said bonds, and for the payment of the cost of advertising au-
thorized by this Act and all other incidental expenses in con-
nection with the issuance of said bonds;