518                          LAWS OF MARYLAND.                  [CH. 194

ized, directed and empowered to issue the said bonds and sell
the same at such time and in such amounts as it may deem
desirable until the whole amount of one hundred seventy thou-
sand ($170, 000. 00) dollars shall have been issued and sold.
The said bonds shall be issued in series maturing as said Coun-
ty Commissioners shall determine, but none of said bonds shall
be issued for a longer period than 20 years from the date* of
issue.

SEC. 3. And be it further enacted, That in order to pro-
vide for the selling of said bonds to be issued under the pro-
visions of this Act, the said Board of County Commissioners
of Montgomery County, is hereby directed to advertise once
a week for two successive weeks before the bonds or any part
thereof shall be issued, in such newspapers as may be deter-
mined by the said Board, that the said Board of County Com-
missioners will be in readiness at a certain time to be named
in 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; 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 regula-
tions as may be made in the discretion of said County Com-
missioners, and at the time for opening the bids for the pro-
posals 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 adver-
tisement; 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 Commissioners, to the highest responsible
bidder or bidders therefor, for cash, if the prices bid are
adequate in the judgment of the said County Commissioners,
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 awarded to such
responsible bidders bidding the same price in a ratable pro-
portion; 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, at a private sale, upon the best terms they
can obtain for the same; and provided further that said