1674                           LAWS OF MARYLAND                      [CH. 759

Works; and the accrued interest between the date of the bonds or
Certificates of Indebtedness and the time of sale and delivery of and
payment 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 date 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 advertise-
ment; 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
responsible bidders have made bids resulting in the same net interest
cost to the State and such bids are the highest, then such Bonds shall
be awarded by lot to one of such responsible bidders 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 PRO-
VIDED 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 Twenty-Five
Thousand Dollars ($25,000), 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 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 (A) 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 exclusive-
ly for the following purposes, to wit:

(B) The Comptroller shall immediately upon the sale of and pay-
ment for said certificates, first, return to and credit the Treasury
TREASURER for a sum equivalent to the amount expended, as
provided in Section 4 of this Act; the remainder of the proceeds of
said loan shall be credited on the books of the State Treasury Depart-
ment STATE COMPTROLLER, to be expended as needed by the
State, upon approval by the Board of Public Works, for the following
needs, purposes and projects, and amounts listed below being intended
to include Architects' and Engineers' fees where applicable:

GENERAL CONSTRUCTION LOAN OF 1967

(C) Board of Public Works:

(1) To supplement the appropriation "Construction of
building for Income Tax Division, State Comp-
troller's Office, Annapolis......." as shown on page