HARRY W. NICE, GOVERNOR. 751

C. Neither the members of the Board nor any person exe-
cuting the bonds, notes or other evidences of indebtedness
shall be liable personally thereon.

D. The Authority shall have power out of any funds avail-:
able therefor to purchase any bonds, notes or other evidences
of indebtedness issued by it at a price not more than the prin-
cipal amount thereof and the accrued interest. All bonds so
purchased shall be cancelled. This paragraph shall not apply
to the redemption of bonds.

82. Of the total amount the Authority is by this Act au-
thorized to borrow, it may create a debt for or borrow a sum
not in excess of Ten Million Dollars ($10, 000, 000), for the
cost of construction of the Bridge and for expenses in con-
nection therewith. The bonds issued for such purpose shall
be known as 'Bridge' bonds and shall be payable solely out of
the tolls, charges or other income derived from the Bridge.
In the discretion of the Authority, the bonds also may be
made payable from any surplus tolls or income from the
Ferry over and above the operating costs of the Ferry and
the ] debt service requirements of the 'Ferry' bonds. Such
bonds shall not create or constitute any indebtedness or obli-
gation of the State of Maryland, nor of any agency or political
sub-division thereof, except the Authority, either legal, equita-
ble, moral or otherwise, and the bonds shall so state on their
face. Such bonds shall not constitute an obligation or debt
contracted by the General Assembly of Maryland or a pledge
of the faith and credit of the State of Maryland within the
meaning of Section 34 of Article 3 of the Constitution of the
State or of any other constitutional or statutory debt limita-
tion or restriction.

83. Of the total amount the Authority is by this Act au-
thorized to borrow, it may create a debt for or it may borrow
a sum not in excess of One Million, Two Hundred Thousand
Dollars ($1, 200, 000), for the cost of the acquisition of the
assets and franchises of the Claiborne-Annapolis Ferry Com-
pany. The bonds issued for such purposes shall be known as
'Ferry' bonds, shall be issued according to what is known as
the serial annuity plan, and shall mature at periods not ex-
ceeding fifteen years from the date thereof, and such bonds
and the interest thereon shall be payable—

Firstly, out of the revenues derived from the operation of
the Ferry;

Secondly, if such revenues are or become insufficient, then
out of any earnings from the Bridge, if constructed, over and
above the operating costs of the Bridge and the debt service
requirements of the Bridge bonds;