936

LAWS OF MARYLAND.

hundred and ninety, eighteen hundred and ninety-one,
eighteen hundred and ninety-two, eighteen hundred and
ninety-three, eighteen hundred and ninety-four and eighteen
hundred and ninety-five.

SEC. 2. And be it enacted, That this Act shall take effect
from the date of its passage.

Approved April 10, 1900.
CHAPTER 607.

State Building
and Improve-
ment Loan.

Issue of State
bonds.

AN A CT to provide for the issue of five hundred thousand
dollars Maryland State bonds for the purpose of erecting a
new State Building in the city of Annapolis, and for the
improvement of other State institutions, said bonds to be
issued at a rate not higher than three and one-half per
centum interest per annum, and to provide for a sinking,
fund for the payment of said bonds.

For purchase
of lot and
erection of
building in
Annapolis.
Further im-
provement of
Maryland
Penitentiary
and Spring-
field State
Hospital.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That for the purchase of a lot of land and the erection
thereon by the State of Maryland of a building in the city of
Annapolis, and for the further improvement and equipment
of the Maryland Penitentiary; and for the further improve-
ment and furnishing of the Springfield State Hospital, a loan
to be and the same is hereby created to be called the "State
Building and Improvement Loan," to the amount of five hun-
dred thousand dollars: The sum of two hundred and ninety-
thousand dollars for a State building in the city of Annapolis;
one hundred and fifty thousand dollars for the further improve-
ment and equipment of the Maryland Penitentiary, and the
sum of sixty thousand dollars for the further improvement
and furnishing of the Springfield State Hospital. The said
loan hereby created shall in all its parts bear date the first day
of July, nineteen hundred, and shall bear interest at a rate to be
fixed by the Governor, the Comptroller of the Treasury and
the Treasurer of this State, or a majority of them, not to
exceed three and one-half per centum per annum, payable on
the first days of January and July in each and every year, and
the said loan and every part thereof, and the interest payable
thereon, shall be and remain exempt from State, county and

Bonds exempt
from taxation.

municipal taxation, and the principal amount of said loan
shall be redeemable at the pleasure of the State of Maryland
after the first day of July, nineteen hundred and ten.