ACT. 91. ] SURVEYOR AND STATE SURVEY. 255

"D, " February 1, 1911; one million dollar, to be known as
series "E, " February 1, 1912; and five hundred thousand dol-
lars, to be known as series "F, " February 1, 1913; and shall
bear interest at a rate to be fixed by the Governor, the Comp-
troller and the Treasurer of this State, or a majority of them,
not to exceed three and one-half per cent. (3 1/2 per cent. ) per
annum, payable on the 1st day of February and August 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 payable fifteen (15) years after the date of said
respective series, but shall be redeemable at the pleasure of the
State of Maryland after ten years from the date of issue.

32i. The Governor, Comptroller of the Treasury and Treas-
urer, or a majority of them, are hereby authorized and directed
to have prepared proper certificates of indebtedness of the State,
in good and sufficient form, to aggregate the amount of five
millions of dollars as evidence of such loan; such certificates
of indebtedness shall bear date as provided in Section 32H,
of this Act, and shall not be issued in less sums than one hun-
dred dollars, or some multiple thereof; each of said certifi-
cates shall be signed by the Treasurer of the State and counter-
signed by the Comptroller of the Treasury, and shall bear
interest at the rate not exceeding three and one-half per cent.
(3 1/2 per cent. ) per annum, payable semi-annually on the 1st
day of February and the 1st day of August in each year; such
portion of said certificates shall be registered and such por-
tion shall have interest coupons attached thereto, as the Gov-
ernor, Comptroller of the Treasury and Treasurer, or a majority
of them, shall determine.

32J. In order to provide for the selling of the certificates of
indebtedness aforesaid, to be issued under the provisions of this
Act, the Governor, Comptroller of the Treasury and Treasurer
of this State, or a majority of them, are hereby directed to
advertise twice a week for four successive weeks between the
1st day of July and the 1st day of August, 1908, and by a like
notice between the 1st day of January and the 1st day of Feb-
ruary for the next succeeding five years, in two newspapers
published in the city of Baltimore that the Treasurer of this
State will be in readiness between the 1st day of August and
the 15th day of August, 1908, and each succeeding year up to
and including the year 1913, between the first day of February
and the 15th day of February, in each of said years, to receive
bids at such place or places as may be named in said respective
advertisements for bonds or certificates of indebtedness issued
under the provisions of this Act, under such regulations as