PHILLIPS LEE GOLDSBOROUGH, GOVERNOR. 391

roads, for a new bridge over the Patapsco River, to replace
the present Light Street Bridge, and for paving in Balti-
more City.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That in order to complete the construction of the State
public roads as provided in Sections 32-A, 32-B, 32-C, 32-D,
32-E, 32-F and 32-G of Article 91 of the Code of Public Gen-
eral Laws of Maryland, title "Surveyor and State Survey,"
sub-title "Public Roads," an additional loan be and the same
is hereby created to be called '' The State Roads Loan of 1914,''
to the amount of Six million, and six hundred thousand dol-
lars ($6,600,000), Three million dollars ($3,000,000) of said loan
shall be dated August 1, 1914, and the remainder of said loan,
viz: Three million six hundred thousand dollars ($3,600,000)
shall be dated February 1, 1915, and shall bear interest at a
rate to be fixed by the Governor, Comptroller of the Treasury
and Treasurer of this State, or a majority of them, not to ex-
ceed four per centum per annum, and the said, interest shall be
payable semi-annually, and the said loan and every part there-
of, and the interest payable thereon, shall be and remain ex-
empt from State, County and municipal taxation; and the
principal amount of said loan shall be payable upon the serial
annuity plan herein below specified and all within fifteen years
after the issuance thereof.

SEC. 2. And be it further enacted, That in issuing the cer-
tificates of indebtedness for said loan as herein provided in
Section 1, the Governor, the Comptroller of the Treasury and
the Treasurer of this State, or a majority of them, shall issue
said certificates according to what is known as the Serial Annuity
Plan, and each series as issued shall be lettered, beginning with
"A" and so on down the Alphabet until the said amount of
Six million six hundred thousand dollars ($6,600,000) shall have
been issued, so that the entire principal shall be redeemable as
follows; of the three million dollars ($3,000,000) issue bearing
date August 1, 1914:

Series "A," $180,000 August 1, 1917.

Series "B," $188,000 August 1, 1918.

Series "C," $195,000 August 1, 1919.

Series "D," $203,000 August 1, 1920.

Series "E," $211,000 August 1, 1921.

Series "F," $220,000 August 1, 1922.

Series "G," $228.000 August 1, 1923.

Series "H," $237,000 August 1, 1924.