WM. PRESTON LANE, JR., GOVERNOR 475

nated in said advertisements; and on the opening of such
sealed proposals, as many of said bonds or Certificates of In-
debtedness as have been so bid for shall be awarded by the
Board of Public Works, to the highest responsible bidder or
bidders therefor for cash, if the prices bid are adequate, in
the judgment of the Board of Public Works, 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 respon-
sible bidder are in excess of the whole amount of the Certifi-
cates offered for sale, such bonds or Certificates of Indebted-
ness 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 Board of Public Works, 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 Twenty
Thousand Dollars ($20,000), 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 con-
nected with the issue of the loan hereby authorized, and for
the payment of the advertising directed by this Act, and all
other incidental expenses connected with i;he execution of its
provisions 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 paid to the Treasurer of the
State upon the warrant of the Comptroller and such proceeds
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 a sum equivalent to the amount expended as
provided for in Section 5 of this Act; tin? remainder of the
proceeds of said loan shall be credited on the books of the
State Treasury Department, to be expended as needed by the
State, upon approval by the Board of Public Works for the
following needs, purposes and projects:

Military Department:

Armory Maintenance .............. $100,000

Total............................... $100,000

Board of Public Works:

Miscellaneous Buildings, equipment,

renovation and repairs............ 250,000