972                             LAWS OF MARYLAND                      [CH. 545

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 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 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 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. 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 ex-
pended 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 St. Joseph College of the Daugh-
ters of Charity of St. Vincent de Paul, Inc., in Emmitsburg.

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
construction of a new science building on the campus of St. Joseph
College of the Daughters of Charity of St. Vincent de Paul, Inc., in
Emmitsburg, shall be contingent upon the provision by said St.
Joseph College of at least an equal and matching fund from other
sources, including the Federal government. The said College shall
have until January 1, 1965, to present evidence satisfactory to the