1808 LAWS OF MARYLAND [CH. 780

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 to aggregate the amount of
Fifteen Million Two Hundred Thousand Dollars ($15, 200,
000) FOURTEEN MILLION FOUR HUNDRED AND
SEVENTY SEVEN THOUSAND FOUR HUNDRED
DOLLARS ($14, 477, 400) FIFTEEN MILLION FORTY
THOUSAND NINE HUNDRED AND FIFTY DOLLARS
($15, 040, 950), 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 and countersigned in the manner
prescribed by Section 3 of Article VI of the Maryland
Constitution.

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 Board of Public Works, is hereby directed to advertise
once before the said Certificates of Indebtedness, or any
part thereof, shall be issued, in two newspapers published
in the City of Baltimore and in such other manner as the
Board of Public Works in its discretion may determine,
that the Treasurer of this State will be in readiness at a
time within twenty (20) 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 Cer-
tificates of Indebtedness issued under the provisions of this
Act, under such regulations as may be made in the discre-
tion 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
payments for said bonds or Certificates of Indebtedness
shall be adjusted with the purchaser thereof under such
regulations as may be made in the discretion of the Board
of Public Works; and upon the day mentioned in said
advertisement as the day for opening the bids for the
proposals thereby called for, they shall receive such sealed
proposals for the purchase of as many of such bonds or
Certificates of Indebtedness as may be mentioned or desig-
nated in said advertisement; and on the opening of such