J. MILLARD TAWES, Governor                       403

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. 4. And be it further enacted, That the sum of Five Thou-
sand Dollars ($5,000.00), 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 Cer-
tificates of Indebtedness, for the payment of the expenses of engrav-
ing, 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 execu-
tion 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 upon approval by the Board of Public Works for the con-
struction of jail facilities in Carroll County.

Sec. 6. And be it further enacted, That until all of the interest
on and principal of any certificates issued under this Act have been
paid in full, there is hereby levied and imposed an annual State tax
on each $100 of assessable property at the rate to be determined in
the following manner: on or before July 1, 1966 MAY 1, 1967, and on
or before MAY 1 OF each fiscal year thereafter, the Board of Public
Works shall certify to the governing bodies of each of the Counties
and Baltimore City the rate of State tax on each $100 of assessable
property necessary to produce revenues to meet all interest and prin-
cipal which will be payable to the close of the next ensuing fiscal year
on all certificates theretofore issued or theretofore authorized by
resolution of the Board of Public Works to be issued, and the gov-
erning bodies of each of the Counties and Baltimore City shall forth-
with levy and collect such tax at such rate.

All matters committed by this Act to the discretion of the Board of
Public Works shall be determined by a majority of said Board.

Sec. 7. And be it further enacted, That this Act shall take effect
July JUNE 1, 1966.

Approved April 14, 1966.