362 LAWS OF MARYLAND [CH. 61

the bonds issued under the provisions of this sub-title, their
transfer and the income therefrom (including any profit made
on the sale thereof) shall at all times be free from taxation
by the State of Maryland or by any of its political sub-divi-
sions.

235H. Bonds issued under the provisions of this sub-title
are hereby made securities in which all public officers and
public agencies of the State and its political sub-divisions,
and all banks, trust companies, savings and loan associations,
investment companies and others carrying on an insurance
business, all administrators, executors, guardians, trustees
and other fiduciaries, and all other persons may legally and
properly invest funds, including capital in their control or
belonging to them. Such bonds are hereby made securities
which may properly and legally be deposited with and re-
ceived by any State or municipal officer or any agency or
political sub-division of the State for any purpose for which
the deposit of bonds or other obligations of the State is now
or may hereafter be authorized by law.

235-1. (a) The title to any property acquired or con-
structed under the provisions of this sub-title shall be in the
State of Maryland to the benefit and use of the University of
Maryland.

(b) The State of Maryland hereby consents to the use of
any lands owned by it which may be suitable and necessary
for the construction or operation of any of the projects auth-
orized by this sub-title.

235J. The provisions of this sub-title, being necessary for
the welfare of the State and its inhabitants, shall be liberally
construed to effect the purposes thereof.

SEC. 2. And be it further enacted, That the provisions of
this Act are severable and if any of its provisions shall be
held unconstitutional by any court of competent jurisdiction,
the decision of such court shall not affect or impair any of
the remaining provisions.

SEC. 3. And be it further enacted, That this Act shall take
effect June 1, 1950.

Approved March 28, 1950.