MARVIN MANDEL, Governor                      1131

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; provided, they shall not be sold at
private sale for less than par and accrued interest.

Sec. 4. And be it further enacted, That 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 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 advertis-
ing directed by this Act, and all the incidental expenses connected
with the execution of its provisions in connection with said loan.

Sec. 5. And be it further enacted, That the actual 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:

1. The Comptroller shall immediately upon the sale of and pay-
ment 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

expended upon approval by the Board of Public Works to aid the

Mayor and City Council of Baltimore City in the purchase of Mt.
Royal and adjoining lands and in rehabilitating the structure and
other improvements to the real property.

2. THE REMAINDER OF THE PROCEEDS OF SAID LOAN
SHALL BE CREDITED ON THE BOOKS OF THE STATE COMP-
TROLLER, TO BE EXPENDED UPON APPROVAL BY THE
BOARD OF PUBLIC WORKS TO AID THE MAYOR AND
CITY COUNCIL OF BALTIMORE CITY IN THE PURCHASE OF
MT. ROYAL, LOCATED AT 2001 PARK AVENUE, BALTIMORE,
MARYLAND, AND ADJOINING LANDS AND IN REHABILI-
TATING THE STRUCTURE AND OTHER IMPROVEMENTS TO
THE REAL PROPERTY.

The expenditure of any of this appropriation for the purpose of
aiding the Mayor and City Council of Baltimore City in the pur-
chase of Mt. Royal and adjoining lands and rehabilitating the struc-
ture and other improvements to the real property is subject to the
condition that on or before July 1, 1971, the Mayor and City Council
of Baltimore City shall provide or have available (from city and
available federal funds, or either of them) a sum equivalent to the
difference between the proceeds of the State bond issue authorized
herein and the actual price of Mt. Royal and adjoining lands and
rehabilitating the structure and other improvements to the real
property at the time of purchase. The Board of Public Works shall
determine if this condition is met and shall approve the provisions
for the availability and use of these funds prior to authorizing the
expenditure of any State monies under this Act.