884 LAWS OF MARYLAND. [CH. 755

Tax as provided and authorized in Sections 140-A to 140-M,
both inclusive, of Article 89B of the Annotated Code of
Maryland (1939 Edition). The bonds shall be dated and
shall bear interest at a rate not exceeding Three and one-
half per centum (3 1/2%) per annum, payable semi-annually.
All the bonds of this issue may have the same maturity
date, or as determined by the Commission prior to their
issuance, the total amount of such bonds may be divided
into series, appropriately designated, each, series having its
own maturity date, provided that in any event all bonds
issued under said Sections 140-N to 140-U, both inclusive,
shall mature within fifteen (15) years from their date.
The principal and interest of such bonds shall be payable
in any lawful medium constituting legal tender for the
payment of debts at the time such principal and interest
shall become due. The bonds may contain suitable pro-
visions for the setting aside annually of sufficient funds to
meet the serial maturities and may contain alternative or
additional provisions for the redemption of bonds before
maturity, at the option of the Commission, at such price
or prices and under such terms and conditions as may be
determined by the Commission prior to the issuance of the
bonds; provided, however, that no bond issued under the
provisions of this sub-title shall be made redeemable at a
greater amount than the principal thereof plus accrued
interest to the date of redemption, plus a premium of five
per centum (5%) of the principal thereof. Bonds so re-
deemed shall not be re-issued but shall forthwith be can-
celled.

140-Q. The bonds shall not pledge or assign tolls and
revenues to be received from the operation of the Chesa-
peake Bay Ferry System, the tolls and revenues derived
from the operation of the Ferry System now being pledged
to service the State Roads Commission of Maryland Chesa-
peake Bay Ferry Revenue Bonds of 1941.

140-R. The Commission shall sell such bonds, by a
method in compliance with the provisions of Section 35 of
Article 31 of the Annotated Code of Maryland (1939 Edi-
tion) 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 interest on
the money received therefor at more than Three and one-
half per centum (3l/2%) per annum, computed with relation
to the absolute maturity of the bonds in accordance with
Standard tables of bond values.

140-S. The proceeds of the bonds sold hereunder shall
be paid to the Treasurer of the State of Maryland upon