850

PLACES OF IMPRISONMENT AND REFORMATION. [ART. 74.

shall appoint from time to time, during the continuance of said
institution, three persons, residents as aforesaid, for a full term of
two years, so that the board of managers shall be divided into three
classes, one-third of whom shall go out of office at the end of every

Vacancies

two years; and shall also have the power, in the case of any vacancy
occurring in any of said classes, from death, resignation, or re-
moval from the State, to appoint a person or persons to fill such
vacancy or vacancies for the balance of the term of said class.

Id s 4
1874, c 233
Who em-
powered to pur-
chase grounds
and contract for
erection of
buildings, etc

101. All moneys hereinafter provided for in this act, for the
purchase of land, and the ere'ction and construction of necessary
buildings, shall be paid by the treasurer of the State, on the war-
rant of the comptroller, to the board of public works and attorney-
general of the State, who are hereby authorized and empowered to
purchase suitable grounds, and to contract for the construction and
erection of the necessary buildings for the said institution; and who
shall, before any contract is entered into by them for the said con-
struction and election, have proper plans and specifications of said

To invite
proposals.

buildings prepared, and invite proposals for said work; provided,
however, no contract shall be entered into by them, unless the whole
cost of the purchase of the land, construction of the buildings, and

Limit.

other necessary expenses, shall not exceed the amount hereinafter
appropriated; and, provided further, that no contract shall be en-
tered into, except with a responsible party, who shall be required to

Bond.

give such bond as they may approve, in the penalty of one hundred
thousand dollars, conditioned for the faithful performance of the
same.

Id s 5
House of Cor-
rection State
loan.

102. For the purpose of purchasing the necessary land, and
erecting, completing, and equipping the building or buildings of the
said House of Correction, a fund is hereby created, to be called
" The House of Correction State Loan," and that the treasurer of
the State is hereby authorized and directed to issue certificates of
debt or bonds of the State, to an amount not exceeding two hundred
and fifty thousand dollars, to be countersigned by the comptroller
in the name and on behalf of the State of Maryland, which bonds
or certificates of debt, together with the lands, buildings and other
property of said House of Correction, shall be exempt from State,
county, or municipal taxation, and shall bear interest at the rate of
six per centum per annum, payable semi-annually from the first
days of January and July of each year, and be redeemable in not
less than ten nor more than fifteen years, at the pleasure of the
State, and which said bonds or certificates shall be sold for not less
than their par value, exclusively of all commissions, and the pro-
ceeds passed to the credit of said House of Correction State Loan,
and the same to the extent of two hundred and fifty thousand dol-
lars are hereby appropriated for the purpose of paying for the land,
the erection, completion and equipment of said buildings of the said
House of Correction.