2854 ARTICLE 91.

loan and every part thereof, and the interest payable thereon, shall be
and remain exempt from State, county and municipal taxation, and the
pripcipal amount of said loan shall be paid upon the serial annuity plan
herein below specified/ all within fifteen years after the issuance thereof.

1924, ch. 279, sec. 6.

91. The actual cash proceeds of the sale of the certificates of indebted-
ness to be issued under this Act shall be used exclusively for the following
purposes, to wit:

The Comptroller shall, immediately upon the sale of and payment for
said bonds or certificates of indebtedness, first return to and credit the
Treasury with whatever advances or payments may have been made as
provided for by Section 5 of this Act.1 The remainder of the proceeds of
said loan shall thereupon be turned over to the State Roads Commission
and used by it from time to time, as and when the same shall become
necessary, for the following purposes: One-fifth of such remainder shall
be used and expended in the City of Baltimore for the grading, paving and
curbing of such streets and highways, or portions thereof, as may be selected
by the State Roads Commission. After the Commission has provided for
this expenditure, then the Commission shall use and expend the balance
of the proceeds from the sale of said bonds or certificates of indebtedness
for the construction or completing the construction of such bridges in the
counties of the State, and for the elimination, in conjunction with the
railroads, of such dangerous railroad grade crossings, as may be selected
by the State Roads Commission, in its discretion, and in such manner as
the said Commission may determine, and the same rights and powers are
hereby conferred upon the said State Roads Commission in connection
with the said work as are possessed by said Commission in connection with
the building of roads; and the said proceeds shall also be used, at such time
and to such extent as the State Roads Commission may find necessary, and
in conjunction with the accumulated tolls and revenues from the Susque-
hanna River Bridge, in substitution for the bonds hitherto issued under
Chapter 494 of the Acts of the General Assembly of Maryland of 1922,
known as the " Susquehanna Bridge Loan of 1922," the said bonds having
been acquired for and being now part of the Sinking Funds of the State,
and having been pronounced defective by the Attorney-General of the State,
the purpose of this substitution being to preserve the integrity of the State's
Sinking Funds.

1924, ch. 279, sec. 7.

92. The State Roads Commission is hereby authorized and directed to
ask for bids and enter into contracts in the usual form for the construction
of such bridges and railroad grade crossings as it may from time to time
under the provisions hereof determine to construct or eleminate, said
contracts to be made in the name of the State Roads Commission, and to
contain the same provisions now required by law for contracts for roads.

1 See ch. 279 of 1924 for particulars of loan.