HERBERT R. O'CONOR, GOVERNOR. 833

Comptroller of the Treasury and the Treasurer of this State,
or a majority of them? are hereby directed to advertise twice
a week for two successive weeks before the said Certificates of
Indebtedness, or any part thereof, shall be issued, in two news-
papers 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 pro-
visions 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 and payments for said
bonds or Certificates of Indebtedness shall be adjusted with the
purchaser 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 men-
tioned in said advertisement as the day for opening the bids
for the proposals thereby called for, they shall receive 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 pro-
posals, 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 bidder are in excess of the
whole amount of the Certificates offered for sale, such bonds or
Certificates of Indebtedness shall be awarded to such respon-
sible bidders bidding the same price in a ratable proportion;
or if any insufficient price be bid for them, they may be sub-
sequently 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
Thousand Dollars ($10, 000. 00), 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

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