1058                             Laws of Maryland                       [Ch. 643

and delivery of and payments for said bonds or Certificates of In-
debtedness 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 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 Certifi-
cates 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. 5. And be it further enacted, That the sum of Twenty Thou-
sand Dollars ($20,000), 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 Certifi-
cates of Indebtedness, for the payment of the expense of engraving,
printing and other outlays connected with the issue of the loan here
authorized, 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. 6. And be it further enacted, (a) That the actual cash pro-
ceeds from the sale of 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 to
supplement allotments made to the State Department of Health for
the construction and equipping of facilities for not more than 500
beds in public and other non-profit nursing homes in this State under
the provisions of "Subchapter IV—Construction of Hospitals and
other Facilities", USCA, Title 42, Section 291 et seq., as amended
from time to time. A public nursing home for the purposes of this
Act shall be interpreted to mean a nursing home wholly owned by
a county and/or municipality and operated under such authority. A
non-profit nursing home for the purposes of this Act shall be inter-
preted to mean a nursing home wholly owned by a non-profit or-
ganization as defined below and operated under its authority, pro-
vided further that the sponsor of a nursing home to qualify as a non-
profit organization shall meet the following minimum qualifications:

(1). Be a bona fide religious organization; or

(2). Be an organization chartered as a non-profit corporation and
no part of the earnings shall inure to the benefit of any individual or
be used for any purpose other than the maintenance and operation of
the institution or the purchase of equipment to be used in the insti-
tution or the expansion of the facility; and shall be classified by the
Federal Internal Revenue Service as non-profit.