THEODORE R. MCKELDIN, GOVERNOR 1135

(c) The denomination or denominations of the cer-
tificates to be issued at any particular time, which may
be not less than One Hundred Dollars ($100) but may be
in sums of One Hundred Dollars ($100) or any suitable
multiple thereof, and the place or places of payment of
principal and interest thereof.

(d) The rate of interest of the certificates to be issued
at any particular time not exceeding in any case 3% per
annum, payable semi-annually.

(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.

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
annuity 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.

SEC. 2. And be it further enacted, That the Governor,
Comptroller of the Treasury and the Treasurer of the
State, constituting the Board of Public Works, or a major-
ity 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
Twenty Million Dollars ($20, 000, 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 Certificates shall be signed by the
Treasurer of the State and countersigned by the Comp-
troller of the Treasury.

SEC. 3. And be it further enacted, That in order to
provide for the selling of the Certificates of Indebtedness
aforesaid, to be issued under the provisions of this Act,
the Governor, Comptroller of the Treasury and the Trea-
surer 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, shall be issued, in two newspapers published in
the City of Baltimore, 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 adver-