210 LAWS OF MARYLAND [CH. 57

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 Ten
Thousand Dollars ($10,000), 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
outlays connected with the issue of the loan hereby au-
thorized, and for the payment of the advertising 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 the 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 construction of a science laboratory building on the
campus of St. John's College in the City of Annapolis.

SEC. 6. And be it further enacted, That the payment of
any funds under the provisions of this Act toward the cost
of construction of a science laboratory building on the
campus of St. John's College in Annapolis shall be con-
tingent upon the provision by St. John's College of at least
an equal and matching fund from other sources. The said
College shall have until January 1,1956, to present evidence
satisfactory to the Board of Public Works that it has raised
at least this equal and matching fund toward the construc-
tion of a science laboratory building. Upon receiving from
the Board of Public Works a certification of such suitable
evidence on or before January, 1956, the Treasurer of the
state is hereby authorized, empowered and directed to pro-
ceed to spend the proceeds of said loan agreeably to the