HERBERT R. O'CONOR, GOVERNOR. 1229

SEC. 2. And be it further enacted, That if any provisions
of this Act should be declared unconstitutional or invalid,
such declaration shall not invalidate any other provisions
thereof.

SEC. 3. And be it further enacted, That any Acts and parts
thereof inconsistent with the provisions of this Act are hereby
repealed to the extent of such inconsistency.

SEC. 4. And be it further enacted, That this Act shall take
effect on June 1, 1939.

Approved May 11, 1939.

CHAPTER 629.
(House Bill 701)

AN ACT to add a new sub-title and one new section to Article
31 of the Code of Public General Laws of Maryland, title
"Debt—Public", said new sub-title to be designated
"Negotiability of Public Indebtedness", and said new sec-
tion to be known as Section 30 and to follow immediately
after Section 29 of said Article, providing that in the case
of any securities issued by the State of Maryland or any
county, municipal or public corporation or other political
subdivision thereof, or by any instrumentality or agency
of said State or any county, municipal or public corpora-
tion or political subdivision thereof, where the principal
and interest of such securities is or shall be payable only
from a limited source, such securities shall be accorded all
the attributes of negotiability possessed by securities issued
upon the full faith and credit of such issuers notwithstand-
ing the promises to pay contained in such securities may be
deemed to be conditional.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That a new sub-title and one new section be and the
same are hereby added to Article 31 of the Code of Public
General Laws of Maryland, title "Debt—Public", said new
sub-title to be designated "Negotiability of Public Indebted-
ness", and said new section to be known as Section 30, said
new sub-title and said new section to follow immediately
after Section 29 of said Article and to read as follows: