WM. PRESTON LANE, JR. ? GOVERNOR. 1631

shall be issued, in two newspapers published in the City of
Baltimore, that the Treasurer of this State will be in readi-
ness 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 provisions of
this Act, under such regulations as may be made in the dis-
cretion 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 indebted-
ness and the time of sale and delivery of and payment 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 mentioned 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 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 Gov-
ernor, 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 offered
for sale, such bonds or certificates of indebtedness shall be
awarded to such responsible bidders bidding the same
price in a ratable proportion; and if any of said certificates
so offered for sale are not bid for, or if an 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 pri-
vate 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 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