320 LAWS OF MARYLAND [CH. 48

(e) The date of the certificates issued at any particular
time, and within the limits prescribed by Article III, Sec-
tion 34 of the Constitution of Maryland, the redemption
dates of said certificates;

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The resolution authorizing the issuance of said loan or
any portion thereof shall set forth in detail the dates when
any of the certificates representing said loan or any portion
thereof are to be redeemed and the amount to be redeemed
upon such dates, respectively, according to the serial annu-
ity plan applied to said loan as a whole or to the group of
certificates evidencing a part of said loan issued at a
particular time, as the case may be.

Said loan and certificates and every part thereof and
the interest payable thereon shall be and remain exempt
from State, County and municipal taxation.

SEC. 2. And be it further enacted, That the Board of
Public Works is hereby authorized and directed to have
prepared proper Certificates of Indebtedness of the State
in good and sufficient form not to exceed the aggregate
amount of Two Million, Eight Hundred Thousand Dollars
($2,800,000), as evidence of such loan; such Certificates of
Indebtedness shall bear date as of the time of their issue
as provided in Section 1 of this Act. Each of said Certifi-
cates shall be signed by the Treasurer of the State and
countersigned by the Comptroller of the Treasury.

SEC. 3. And be it further enacted, That in order to pro-
vide for the selling of the Certificates of Indebtedness
aforesaid, to be issued under the provisions of this Act,
the Board of Public Works is hereby directed to advertise
twice a week for two successive weeks before the said
Certificates of Indebtedness, or any part thereof, shall be
issued, in two newspapers published in the City of Balti-
more, that the Treasurer of this State will be in readiness
at a time within fifteen (15) days after the expiration of
said notice to receive bids at such place or places as may
be named in said respective advertisements for bonds or
Certificates of Indebtedness issued under the provisions of
this Act, under such regulations as may be made in the
discretion of the Board of Public Works; and the accrued
interest between the date of the bonds or Certificates of
Indebtedness and the time of sale and delivery of and pay-
ments f or said bonds or Certificates of Indebtedness shall
be adjusted with the purchaser thereof under such regula-
tions as may be made in the discretion of the Board of