J. MILLARD TAWES, Governor                        367

(f) Before the Board of Public Works shall, however, pass any

such resolution authorized herein, it shall first receive from the
political subdivision in which the hospital or proposed hospital is lo-
cated, or is proposed to be located, a binding commitment from the
said political subdivision, wherein it agrees to indemnify the State of

Maryland in the event of any default in said loan.

(g) If any such hospital defaults in the repayment of either the
interest on or the principal of a loan, as such repayment is required
under the subheading "Maryland Hospital Commission" in the sub-
title "Hospitals" in Article 43 of the Annotated Code of Maryland,
and if the political subdivision does not then make as due all such
payments of interest on and principal of the loan, the Comptroller
of the Treasury shall make all such payments of principal and in-

terest as due and shall deduct these payments from any funds then

or thereafter due to that political subdivision under applicable pro-
visions of State law relating to the income tax, the tax on racing, the
recordation tax, the tax on amusements AND the license tax, and the
incentive fund for school buildings. FOR THE PURPOSES OF THIS
SUBSECTION (G) AND SUBSECTION (F) HEREINABOVE,
THE TERM "POLITICAL SUBDIVISION' SHALL INCLUDE AND
BE LIMITED TO ANY COUNTY OR COUNTIES AND BALTI-

MORE CITY.

Sec. 2. And be it further enacted, That the Board of Public Works
is hereby authorized and directed to have prepared proper Certifi-
cates of Indebtedness of the State in good and sufficient form to ag-
gregate the amount of Seventy five Million Dollars ($75,000,000)
FIFTY MILLION DOLLARS ($50,000,000) 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 and countersigned in the
manner prescribed by Section 3 of Article VI of the Maryland Con-
stitution.

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 Indebted-
ness, or any part thereof, shall be issued, in two newspapers 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
expiration of said notice to receive bids at such place or places as may
be named in said respective advertisements for bonds or Certificates
of Indebtedness issued under the provisions of this Act, under such
regulations as may be made in the discretion 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 Cer-
tificates of Indebtedness as may be mentioned or designated in said
advertisements; and on the opening of such sealed proposals, as many