984 DEBT—PUBLIC. [ART. 31

is hereby created to be called the " State Loan of 1902 " to the
amount of six hundred thousand dollars; the sum of two hun-
dred and fifty thousand dollars for the erection of an addition
to the State house in the city of Annapolis and for the furnish-
ing thereof and for the removal and demolition of the State
library building and the annexes thereto, and the sum of one
hundred and forty thousand dollars for the purchase of a lot
and the erection thereon of a central heating plant t9 heat all
of the State buildings in Annapolis and for the furnishing of
the State building now being erected under the act of 1900,
chapter 326, and the sum of one hundred and twenty thousand
dollars for the completion of the fifth regiment armory, and
the sum of ninety thousand dollars for the construction of an
annex to the Maryland house of correction. The said loan
hereby created shall in all its parts bear date the first day of
July, 1902, and shall bear interest at a rate to be fixed by the
governor, the comptroller of treasury and the treasurer of this
State, or a majority of them, not to exceed three and one-half
per cent, per anuum, payable on the first day of January and.
July in each year, and the said loan and every part thereof and
the interest payable thereon shall be and remain exempt from
State, county and municipal taxation, and the principal amount
of said loan shall be redeemable at the pleasure of the State of
Maryland after the first day of July in the year nineteen
hundred and twelve.

1902, ch. 200.

10. The actual cash proceeds of the sales of the certificates,
of indebtedness to be issued under the preceding section shall
be paid to the treasurer upon the warrant of the comptroller;
and such proceeds shall be used exclusively, as far as the same
are required, for the purposes hereinbefore mentioned, to wit:
The sum of two hundred and fifty thousand dollars for the
purpose of erecting an addition to the State house in the city
of Annapolis and to furnish the same, and for the removal and
demolition of the State library building and the annexes thereto;
and the sum of one hundred and forty thousand dollars for the
purchase of a lot and the erection thereon of a central heating
plant to heat all of the State buildings in Annapolis, and for
the furnishing of the State building now being erected under
the act of 1900, chapter 326; the sum of one hundred and
twenty thousand dollars for the completion of the fifth regiment
armory; and the sum of ninety thousand dollars for the
construction of an annex to the Maryland house of correction ;