ALBERT C. RITCHIE, GOVERNOR. 1227

roads, approaches, rights, franchises, and easements of said
Company, (or its successors in interest) and if said Havre de
Grace and Perryville Bridge Company, (or its successors in
interest) shall in writing accept within twenty days thereafter
said offer of the State of Maryland and shall give said State of
Maryland a written option of purchase for ninety days at a sum
not exceeding Six Hundred and Ninety Thousand Dollars (690.-
000) then the Board of Public Works, as herein after directed
shall upon notification of the receipt of said option by the Chair-
man cf the State Roads Commission, at once proceed to sell said
Bonds as hereinafter directed for the purpose of acquiring; by
purchase said bridge, land, roads, approaches, rights, franchises,
and easements. But if said Havre de Grace and Perryville
Bridge Company, (or its successors in interest) shall fail to
accept the offer on behalf of the State of Maryland and fail
to give the written option as hereinbefore mentioned, then
the said Commission is hereby authorized to acquire
said bridge, land, roads, approaches, rights, franchise, and
easements by condemnation in accordance with the provisions
of Article 33A of the Annotated Code of Maryland by proceed-
ings instituted in either the Circuit Court for Harford County
or the Circuit Court for Cecil County, as the said State Roads
Commission shall elect: provided, that the cost of the
said property shall not exceed the sum of Six hundred
and ninety thousand dollars ($690,000) ; and further provided,
that the State Roads Commission of Maryland shall
forthwith institute the condemnation herein referred to,
if any of the things to be done or agreed upon in
this section are not attained within the time limit or limits
herein set forth.

SEC. 3. And be it further enacted, That for the purpose oi
raising the money necessary to carry out the provisions of this
Act. a loan is hereby created to be known as the "Susquehanna
Bridge Loan of 1922" to an amount not to exceed seven hun-
dred thousand dollars ($700,000). Said loan shall be dated
with a date of thirty(30) days after the date on which a price
is determined for the purchase of said bridge, either by agree-
ment, condemnation, or otherwise, and shall bear interest at a
rate fixed by the Governor, the Comptroller of the Treasury
and the Treasurer of the State, or a majority of them, not to
exceed four and one-half (4 1/2) per centum per annum, and the
said interest shall be paid semi-annually, and the said loan
and every part thereof, and the interest payable thereon,