PUBLIC WORKS—BOARD OF. 2537

tors or assigns (if such purchaser or purchasers be a natural person or
persons), shall, upon such transfer of and payment for said annuity, suc-
ceed to and have all and every, the rights, incidents, interests and estate
now held or owned by the State of Maryland in said annuity and in the
mortgage security thereof; and all money received from the sale of the
securities mentioned in this section and in section 13, or any of them shall
be applied by the treasurer to the payment of the State debt, or to the pur-
chase of safe securities for the sinking fund of said State debt.

An. Code, sec. 12. 1904, sec. 12. 1898, ch. 378, sec. 2.

12. The said board of public works is authorized and empowered to
do and perform any and all acts, matters and things, and to execute and
deliver any and all contracts, deeds or paper writings whatsoever, in order
to effectually transfer, assign and convey said annuity and the mortgage
security therefor, together with all and every, the rights, incidents, inter-
ests and estate of the State of Maryland therein, unto the purchaser or
purchasers thereof, and generally to do any and all acts, matters and
things whatsoever to carry out and effectuate the purposes of sections 11
and 13.

An. Code, sec. 13. 1904, sec. 13. 1898, ch. 378, sec. 3.

13. The said board of public works is further authorized and. empow-
ered to sell, transfer, assign and convey, in the manner set forth in sec-
tions 11 and 12 of this article, all the right and interest of the State of
Maryland in or to the capital stock of the Baltimore and Potomac Rail-
road Company, at the discretion of the said board of public works, at
such price and for cash or State bonds as said board may determine, and
said mortgage and annuity shall remain exempt from State, county and
municipal taxation in the hands of the purchaser or purchasers, or his
or their assigns, as if the same were still held and owned by the State of
Maryland.