970                             LAWS OF MARYLAND                      [CH. 545

AMONG THE RESIDENTS OF ANY PART OF THIS STATE, AS
TO THE DREDGING OF SOFT SHELL CLAMS.

SEC. 2. And be it further enacted, That the Commonwealth of
Virginia is requested to consent to the act of the General Assembly
of Maryland herein.

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

June 1, 1963.

SEC. 2. AND BE IT FURTHER ENACTED, THAT THIS ACT
SHALL NOT TAKE EFFECT UNTIL A SIMILAR ACT IS
PASSED BY THE COMMONWEALTH OF VIRGINIA; THAT
THE COMMONWEALTH OF VIRGINIA IS REQUESTED TO
CONCUR IN THIS ACT OF THE GENERAL ASSEMBLY OF
MARYLAND BY THE PASSAGE OF A SIMILAR ACT; AND
THAT THEREUPON THE GOVERNOR OF THE STATE OF
MARYLAND ISSUE A PROCLAMATION DECLARING THIS
ACT VALID AND EFFECTIVE.

Approved April 30, 1963,

CHAPTER 545
(Senate Bill 641)

AN ACT to authorize the creation of a State debt in the aggregate
amount of Seven Hundred and Fifty Thousand Dollars ($750,-
000.00) for the purpose of aiding in the construction of a new
science building on the campus of St. Joseph College of the
Daughters of Charity of St. Vincent de Paul, Inc., in Emmitsburg,
subject to the requirements that the said College, on or before
January 1, 1965, shall have obtained elsewhere at least an equal
and matching sum for the same purposes; and providing generally
for the issue and sale of certificates of indebtedness evidencing
this loan.

Section 1. Be it enacted by the General Assembly of Maryland,
That the Board of Public Works is hereby authorized and directed to
issue a State loan to be known as the "St. Joseph College Loan of
1963", in the aggregate sum of Seven Hundred and Fifty Thousand
Dollars ($750,000.00).

The certificates evidencing said loan may be issued all at one
time or, in groups, from time to time, as hereinafter provided. All of
said certificates evidencing said loan, or any group thereof, shall be
issued according to what is known as the serial annuity plan so
worked out as to discharge the principal represented by said certifi-
cates within fifteen (15) years from the time of its issue; provided,
however, that it shall not be necessary to provide for the redemption
of any part of the principal represented by any certificate for the
first two (2) years from the time of the issuance of said certificates.

The Board of Public Works shall, and is hereby authorized and
empowered to, pass a resolution or resolutions from time to time,
determining and setting forth: