HARRY W. NICE, GOVERNOR. 243

Secretary of the Commission, and any coupons attached
thereto shall bear the facsimile signature of the Chairman
of the Commission. In case any officer whose signature
shall appear on any bonds or coupons shall cease to be such
officer before the delivery of such bonds, such signature
shall nevertheless be valid and sufficient for all purposes
as though he had remained in office until such delivery.
The bridge revenue bonds issued under the provisions of
this sub-title shall have and are hereby declared to have all
the qualities and incidents of negotiable instruments under
the negotiable instruments law of this State. Such bonds
and the income thereof shall be exempt from all taxation
within the State. The bonds may be issued in coupon or in
registered form, or both, as the Commission may determine,
and provisions may be made for the registration of any
coupon bond as to principal only or as to both principal and
interest. The Commission may sell such bonds in such
manner and for such price as it may determine to be for
the best interests of the State, but no such sale shall be
made at a price so low as to require the payment of in-
terest on the money received therefor at more than six
per centum per annum, computed with relation to the ab-
solute maturity of the bonds in accordance with standard
tables of bond values. The proceeds of such bonds shall be
used solely for the payment of the cost of the bridge, and
shall be disbursed upon requisition of the Chairman of the
Commission under such restrictions, if any, as the reso-
lution authorizing the issuance of the bonds or the trust
indenture hereinafter mentioned may provide. If the pro-
ceeds of such bonds, by error of calculation or otherwise,
shall be less than the cost of the bridge, additional bonds
may in like manner be issued to provide the amount of
such deficit, and unless otherwise provided in a resolution
authorizing the issuance of bonds hereunder or in any trust
indenture hereinafter mentioned, shall be deemed to be of
the same issue and shall be entitled to payment from the
same fund without preference or priority of the bonds
first issued for the cost of the bridge. If the proceeds of
the bonds shall exceed the cost of the bridge, the surplus
shall be paid into the fund hereinafter provided for the
payment of principal and interest of such bonds. Prior to
the preparation of definitive bonds, the Commission may
issue temporary bonds, with or without coupons, ex-
changeable for definitive bonds upon the issuance of the
latter. The Commission may also provide for the replace-
ment of any bond which shall become mutilated or be de-
stroyed or lost. Such bridge revenue bonds may be issued