WM. PRESTON LANE, JR., GOVERNOR. 85

SEC. 7. And be it further enacted, That, in the issuance
of any of the bonds authorized hereby, the Board may, prior
to the preparation of definitive bonds or obligations, issue
interim certificates or temporary bonds, with or without
coupons, exchangeable for definitive bonds when such bonds
or obligations have been executed and are available for de-
livery, provided, however, that any such interim certificates
or temporary bonds shall be issued in all respects subject
to the restrictions and requirements set forth herein. The
Board may, by appropriate resolution, provide for the re-
placement of any bonds issued hereunder which shall have
become mutilated or be destroyed or lost upon such con-
ditions and after receiving such indemnity as the Board
may think it. proper and necessary to stipulate and require.

SEC. 9. And be it further enacted, That any and all obli-
gations issued pursuant to the authority of this Act, the in-
terest payable thereon, and the income derived therefrom
in the hands of the holders thereof from time to time, shall
be and is hereby declared to be exempt from State, county
and municipal taxation of every kind and nature whatso-
ever in the State of Maryland.

SEC. 10. And be it further enacted, That this Act shall
be deemed to provide an additional and alternative method
for the doing of the things authorized hereby and, except
as herein provided, shall be regarded as supplemental and
additional to powers conferred by other laws, and shall not
be regarded as in derogation of any powers now existing.
This Act being necessary for the welfare of the inhabitants
of Anne Arundel County, shall be liberally construed to
effect the purposes hereof. All acts and parts of acts in-
consistent with the provisions of this Act are hereby re-
pealed to the extent of such inconsistency.

SEC. 11. And be it further enacted, That this Act is
hereby declared to be an emergency law and necessary for
the immediate preservation of the public health and safety,
and having been passed upon a yea and nay vote, supported
by three-fifths (3/5th) of all of the members elected to each
of the two Houses of the General Assembly of Maryland,
the same shall take effect from the date of its passage.

Approved November 10, 1947.

CHAPTER 26.
(Senate Bill 30)

AN ACT to repeal and re-enact, with amendments, Section
165 of Article 22 of the Code of Public Local Laws of Mary-