J. MILLARD TAWES, Governor 221

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 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 certificates 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 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 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 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 indebted-
ness 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 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 Comp-
troller 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 author-
ized 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 purposes, 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 purpose of aiding in the construction of a new science building
on the campus of the College of Notre Dame, in Baltimore City.

SEC. 6. And be it further enacted, That the payment of any funds
under the provisions of this Act for the purpose of aiding in the