22 LAWS OF MARYLAND. [CH. 8

such sealed proposals for the purchase of as many of such
bonds or Certificates of Indebtedness as may be mentioned
or designated in said advertisements; 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 Treas-
ury 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 responsi-
ble bidder are in excess of the whole amount of the Cer-
tificates offered for sale, such bonds or Certificates of In-
debtedness shall be awarded to such responsible bidders
bidding the same price in a ratable proportion; or if any
insufficient price be bid for them, they 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. 4. And be it further enacted, That the sum of Five
Thousand Dollars ($5,000), or so much thereof as may be
necessary, shall be paid by the Treasurer of the State upon
the warrant of the Comptroller out of the proceeds of the
sale of said 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 author-
ized, and for the payment of the advertising directed by this
Act, and all other incidental expenses connected with the
execution of its provisions in connection with said loan.

SEC. 5. 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 paid to the Treasurer of the
State upon the warrant of the Comptroller and such pro-
ceeds shall be used exclusively for the following purposes,
to wit:

The Comptroller shall immediately, upon the sale of and
payment for said Certificates, first return to and credit the
Treasury for the sum equivalent to the amount expended as
provided in Section 4 of this Act, and the remainder of the
proceeds of said loan shall be credited on the books of the
State Treasury and shall be expended in constructing, im-
proving, renovating, equipping and furnishing committee and
other rooms, including the House and Senate Chambers and
executive offices, in the State House and the Court of Appeals
Building, and a tunnel to connect the State House and the
Court of Appeals Building. Any law to the contrary not-