THEODORE R. MCKELDIN, GOVERNOR 209

SEC. 2. And be it further enacted, That the Board of
Public Works is hereby authorized and directed to have
prepared proper Certificates of Indebtedness of the State
in good and sufficient form to aggregate the amount of Two
Hundred and Fifty Thousand Dollars ($250,000), as evi-
dence of such loan; such Certificates of Indebtedness shall
bear date as of the time of their issue as provided in Sec-
tion 1 of this Act. Each of said certificates shall be signed
and countersigned in the manner prescribed by Section 3
of Article VI of the Maryland Constitution.

SEC. 3. And be it further enacted, That in order to pro-
vide for the selling of the Certificates of Indebtedness afore-
said, to be issued under the provisions of this Act, the Board
of Public Works is hereby directed to advertise once before
the said Certificates 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 readiness at a time within twenty
(20) days after 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 regula-
tions 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
Certificates of Indebtedness shall be adjusted with the pur-
chaser 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 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 proposals, as many of 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