1774 PUBLIC WORKS——BOARD OF. [ART. 78 A

said annuity at the rate of three and one-half per centum,
together with the amounts of such quarterly payments as may
then be due and unpaid, and interest thereon, and the propor-
tionate part of the accruing quarterly payment, calculated to
the day of such transfer; and provided further, that said board
of public works may accept in payment or in part payment of
the purchase price for said annuity, the bonds of or registered
debt owing by the State at the market value thereof, or cash, in
its discretion; and such purchaser or purchasers, its and their
successor, successors or assigns (if such purchaser or pur-
chasers be a body corporate or bodies corporate), or his, her or
their executors, administrators or assigns (if such purchaser or
purchasers be a natural person or persons), shall, upon such
transfer of and payment for said annuity, succeed 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 purchase of safe securities
for the sinking fund of said State debt.

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,
interests 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.

Ibid. sec. 3.

13. The said board of public works is further authorized
and empowered to sell, transfer, assign and convey, in the
manner set forth in sections 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 Railroad 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 pur-