STATE ROADS. 1193

shall have been expended. The State Roads Commission, shall have full
power and authority to pledge the net amount of tolls so charged and to be
collected and/or the license fees and franchise taxes now or hereafter
levied by the State in respect to commercial motor vehicles, as security for
any money borrowed under the provisions of the sub-title, the charge and
pledge of said tolls to run for such term or period of years as may be neces-
sary to liquidate the said indebtedness, together with the interest thereon.

1933, ch. 463, sec. 2.

76. Should any section, or part of a section of this sub-title be held to
be invalid for any reason, such holding shall not be construed as affecting
the validity of any remaining section or part of a section of this sub-title,
it being the legislative intent that the remainder of this sub-title shall stand,
notwithstanding the invalidity of such section or part of a section.

1935, ch. 397.

77. Any bonds now or hereafter issued pursuant to the provisions of
this Article, bearing the signature of members of the State Roads Com-
mission, or of officials of the State on the date of the signing thereof, shall
be valid and binding obligations notwithstanding that before the delivery
thereof any or all of the persons whose signatures appear thereon shall
have ceased to be such members of the State Roads Commission, or such
officers of the State.

1935, ch. 563, sec. 75.

78. The State Roads Commission of Maryland is hereby authorized
and empowered to borrow from time to time from any person, firm or
corporation, including the Government of the United States or any agency
thereof, a sum or sums of money not to exceed, in the aggregate, the sum
of $3, 000, 000 at a rate of interest not to exceed six (6%) percentum per
annum, for the purpose of constructing, reconstructing, relocating, widen-
ing and improving State Roads and bridges of Maryland.

1935, ch. 563, sec. 76.

79. As evidence of any indebtedness created pursuant to the provisions
of the preceding Section, the said State Roads Commission is authorized
and empowered to execute and deliver its promissory note or notes, bond
or bonds, or other evidence or evidences of indebtedness, to be signed by
at least two members of the said Commission, by the Treasurer of Mary-
land, and to be countersigned by the Comptroller of Maryland.

The said promissory note or notes, bond or bonds, or other evidence or
evidences of indebtedness shall be in such denomination or denominations,
may be either negotiable or non-negotiable, and payable at such place or
places and on such date or dates as the Commission shall by resolution
provide. Provided, however, that the same shall mature serially in such
installments as the said Commission may prescribe within fifteen (15)
years from their respective date or dates of issue.