182 LAWS OF MARYLAND [CH. 62

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 adver-
tisements; 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 bidders have made the same bid, and such bid
is the highest and the Certificates so bid for by the highest respon-
sible 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 Thou-
sand Dollars ($10, 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 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 the actual cash pro-
ceeds 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 ex-
clusively 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 Sec-
tion 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 as needed by the State, upon approval by the Board of
Public Works, for the construction of a physics building on the
campus of the Johns Hopkins University at Homewood in the City
of Baltimore.

SEC. 6. And be it further enacted, That the payment of any
funds under the provisions of this Act toward the cost of con-
struction of a physics building on the campus of the Johns Hopkins
University at Homewood, Baltimore, shall be contingent upon the
provision by the Johns Hopkins University of at least an equal and
matching fund from other sources. The said University shall have
until January 1, 1962, to present evidence satisfactory to the Board
of Public Works that it has raised at least this equal and match-
ing fund toward the construction of a physics building. Upon re-
ceiving from the Board of Public Works a certification of such suit-