174 LAWS OP MARYLAND [CH. 45

said bonds or Certificates of Indebtedness 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 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-Five Thousand Dollars ($25,000), 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 In-
debtedness, for the payment of the expense of engraving,
printing and other outlays connected with the issue of the
loan hereby authorized, and for the payment of the ad-
vertising 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 tthe warrant of the Comptroller and such
proceeds shall be used exclusively for the following pur-
poses, 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 4 of this Act; the 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, the amounts
listed below being intended to include Architects' and En-
gineers' fees where applicable: