PHILLIPS LEE GOLDSBOROUGH, ESQ., GOVERNOR. 527

and remain exempt from State, county and municipal taxation;
and the principal amount of said loan shall be payable fifteen
years after the date of said respective series, but shall be
redeemable at the pleasure of the State of Maryland after ten
years from the date of issue.

SEC. 2. Be it further enacted, That the Governor, Comp-
troller of the Treasury and Treasurer, constituting the Board
of Public Works, or a majority of them, are hereby authorized
and directed to have prepared proper certificates of indebted-
ness of the State in good and sufficient form to aggregate the
amount of $3,170,000.00, as evidence of such loan, such certi-
ficates of indebtedness shall bear date as of a time of their
issue, as provided in section 1 of this act, and shall not be
issued in less sums than $100, but may be issued in sums of
$100 or any multiple thereof. Each of said certificates shall
be signed by the Treasurer of the State and countersigned by
the Comptroller of the Treasury, and shall bear interest at the
rate fixed by resolution of the said Board of Public Work, paya-
ble semi-annually; such portion of said certificates shall be
registered and such portion shall have interest coupons attached
thereto, as the Governor, Comptroller of the Treasury and
Treasurer, or a majority of them, shall determine.

None of the appropriations or proceeds of bond issues author-
ized by this act shall be available or expended by the State
Roads Commission by force account, nor shall the appropria-
tions or proceeds of the bond issues authorized by the act be
available or expended by the State Roads Commission under the
joint direction and supervision of said commission, and the
County Commissioners of any county and a county road engi-
neer or superintendent, except in such counties where such
work has heretofore been so proceeded with, and equipment pur-
chased for such work out or former allotments of such counties,
in which counties the State Roads Commission may continue
the same to the extent of such counties, allotments of the said
appropriation and bond issues.

SEC. 3. Be it further enacted, That in order to provide for
the selling of the certificates of indebtedness aforesaid, to be
issued under the provisions of this act, the Governor, Comp-
troller of the Treasury and Treasurer of this State, or a major-
ity of them, are hereby directed to advertise twice a week for
four successive weeks before the said bonds or any part thereof
shall be issued, in two newspapers published in the City of
Baltimore, that the Treasurer of this State will be in readiness
at any time within 15 days after the expiration of said' notice
to receive bids at such place or places as may be named in