J. MILLARD TAWES, Governor 81

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 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 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 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 credit-
ed 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 and renovation of exist-
ing buildings (dining hall addition, library addition, auditorium—fine
arts building, Smith Hall addition, maintenance shops) on the campus
of Washington College in Chestertown.

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 con-
struction of new buildings and making additions to and renovations
of existing buildings (dining hall addition, library addition, audi-
torium—fine arts building, Smith Hall addition, maintenance shops)
on the campus of Washington College in Chestertown, shall be con-
tingent upon the provision by Washington College of at least an equal
and matching fund from other sources, including the Federal govern-
ment. The said College shall have until January 1, 1964, to present
evidence satisfactory to the Board of Public Works that it has raised
at least this equal and matching fund for the purpose of aiding in the
construction of new buildings and making additions to and renovations
of existing buildings (dining hall addition, library addition, audi-
torium—fine arts building, Smith Hall addition, maintenance shops)
on the campus of Washington College in Chestertown. Upon receiving
from the Board of Public Works a certification of such suitable evi-
dence on or before January 1, 1964, the Treasurer of the State is
hereby authorized, empowered and directed to proceed to spend the