THEODORE R. MCKELDIN, GOVERNOR 1199

prescribed by Section 3 of Article VI of the Maryland Consti-
tution.

SEC. 3. And be it further enacted, That in order to provide
for the selling of the Certificates of Indebtedness aforesaid, to
be issued under the provisions of this Act, the Board of Public
Works is hereby directed to advertise once before the said Cer-
tificates of Indebtedness, or any part thereof, shall be issued, in
two newspapers published in the City of Baltimore and in such
other manner as the Board of Public Works in its discretion
may determine, that the Treasurer of this State will be in readi-
ness at a time within twenty (20) 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 Certifi-
cates of Indebtedness issued under the provisions of this Act,
under such regulations as may be made in the discretion of the
Board of Public Works; 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 Certifi-
cates of Indebtedness shall be adjusted with the purchaser
thereof under such regulations as may be made in the discretion
of the Board of Public Works; and upon the day mentioned in
said advertisement as the day for opening the bids for the pro-
posals thereby called for, they shall receive such sealed pro-
posals for the purchase of as many of such bonds or Certifi-
cates 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 Indebted-
ness 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 judg-
ment 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 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 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. 4. 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