ALBERT C. RITCHIE, GOVERNOR.                  663

shall not have interest coupons attached, all as the Governor,,
Comptroller of the Treasury, and Treasurer, 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, Comp-
troller 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 indebt-
edness, 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 advertisements for
bonds or certificates of indebtedness issued under the provi-
sions 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 certificates of indebtedness
and the time of sale and delivery of any payment for said bonds
or certificates of indebtedness shall be adjusted with the pur-
chaser thereof 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 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 pro-
posals 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 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 bidders bidding the same price in a ratable pro-
portion; and if any of said certificates so offered for sale are
not bid for, or if any insufficient price be bid for them, they