664                         LAWS OF MARYLAND.                  [CH. 248

may be subsequently disposed of under the direction of the
Governor, Comptroller of the Treasury, and Treasurer, or a
majority of them, at a private sale upon the best terms they
can obtain for the same, provided they shall not be sold at
private sale for less than par and accrued interest.

SEC. 5. And be it further enacted. That the sum of ten thou-
sand dollars ($10, 000), or so much thereof as may be neces-
sary, shall be paid by the Treasurer of this State upon the
warrant of the Comptroller out of the proceeds of the sale of
bonds or certificates of indebtedness for the payment of the
expense of engraving, printing and other outlays connected
with the issue of the loan hereby authorized, and for the pay-
ment of the advertising directed by this Act, and all other
incidental expenses connected with the execution of its provi-
sions in connection with said loan.

SEC. 6. And be it further enacted, That the actual cash
proceeds of the sale of the certificates of indebtedness to be
issued under this Act shall be used exclusively for the follow-
ing purposes, to wit:

The Comptroller shall, immediately upon the sale of and
payment for said bonds or certificates of indebtedness, first
return to and credit the Treasury with whatever advances or
payments may have been made as provided for by Section 5
of this Act. The remainder of the proceeds of said loan shall
be credited on the books of the State Treasury Department to
the credit of the State Roads Commission and shall be dis^*
bursed by the State Treasurer, upon warrant of the Comp-
troller from time to time as and when the same shall become
necessary, for the following purposes: One-fifth of such re-
mainder shall be used and expended in the City of Baltimore
for the grading, paving and curbing of such streets and high-
ways, or portions thereof, as may be selected by the State
Roads Commission. After the Commission has provided for
this expenditure, then the Commission shall use and expend
the balance of the proceeds from the sale of said bonds or cer-
tificates of indebtedness for the construction and reconstruc-
tion of such bridges in the counties of the State as may be
selected by the State Roads Commission, in its discretion, and
in such manner as the said Commission may determine, and
for the repair or construction of such jetties at Ocean City,
Maryland, as the said State Roads Commission may deter-