MARVIN MANDEL, Governor                      1417

papers published in the City of Baltimore and in such other manner
as the Board of Public Works in its discretion determines, MAY
DETERMINE, that the treasurer of this State will be in readiness
at a time within twenty (20) days after the expiration of said notice
to receive bids at such place or places as are named in said respec-
tive advertisements for bonds or certificates of indebtedness issued
under the provisions of this Act, under such regulations as may be
made in the discretion of the Board of Public Works; and the
accrued interest between the date of the bond or certificates of in-
debtedness and the time of sale and delivery of and payments PAY-
MENT for said bonds or certificates of indebtedness is 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 will SHALL receive
such sealed proposals for the purchase of as many of such bonds or
certificates of indebtedness as are MAY BE mentioned or designated
in said advertisement; and on the opening of such sealed proposals
as many of said bonds or certificates of indebtedness as have been
so bid for are SHALL BE awarded by the Board of Public Works,
to the highest responsible bidder or bidders therefore for cash, if
the prices bid are adequate, in the judgment of the Board of Public

Works and when two or more bidders make the same bid, and such

bid is the highest and the certificates so bid for by the highest re-

sponsible bidder are in excess of the whole amount of the certificates

offered for sale, such bonds or certificates of indebtedness are

awarded to such responsible bidders bidding the same price in a

ratable proportion; or if any 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; provided
they are not 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, is 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 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 sa