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Session Laws, 1949
Volume 590, Page 1630   View pdf image (33K)
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1630 LAWS OF MARYLAND. [CH. 683

One Hundred Seventy-five Thousand Dollars ($175, 000)
of said loan, bearing date of April 1, 1950, shall be redeem-
able as follows:

"N" $ 8, 000 July 1, 1953
"0" 8, 000 July 1, 1954
"P" 9, 000 July 1, 1955
"Q" 10, 000 July 1, 1956
"R" 10, 000 July 1, 1957
"S" 10, 000 July 1, 1958
"T" 13, 0. 00 July 1, 1959
"U" 14, 000 July 1, 1960
"V" 16, 000 July 1, 1961
"W" 18, 000 July 1, 1962
"X" 18, 000 July 1, 1963
"Y" 20, 000 July 1, 1964
"Z" 21, 000 July 1, 1965

SEC. 3. And be it further enacted, That the Governor,
the Comptroller of the Treasury and the Treasurer of
Maryland, constituting the Board of Public Works, or a
majority of them, are hereby authorized and directed to
have prepared proper certificates of indebtedness of the
State in good and sufficient form to aggregate the amount
of Three Hundred Fifty Thousand Dollars ($350, 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, and shall not be issued in less sums
than One Hundred Dollars ($100. 00) but may be issued in
sums of One Hundred Dollars ($100. 00), or any suitable
multiple thereof. Each of said certificates of indebtedness
shall be signed by the Treasurer of the State and counter-
signed by the Comptroller of the Treasury and shall bear
interest at the rate fixed by resolution of the said Board of
Public Works, payable semi-annually and any portion or all
of said certificates may be registered, or not registered,
and the said certificates or any portion thereof, shall have
interest coupons attached, or said certificates or any por-
tion thereof shall not have interest coupons attached, all
as the Governor, the Comptroller of the Treasury and the
Treasurer, shall determine.

SEC. 4. And be it further enacted, That in order to pro-
vide for the selling of the certificates of indebtedness afore-
said, to be issued under the provisions of this Act, the
Governor, Comptroller of the Treasury and the Treasurer
of this State, or a majority of them, are hereby directed
to advertise twice a week for two successive weeks before
the said certificates of indebtedness, or any part thereof,

 

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Session Laws, 1949
Volume 590, Page 1630   View pdf image (33K)
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