J. MILLARD TAWES, Governor                     1267

loans, issued at a particular time, as the case may be. Said loans
and certificates, and every part thereof, and the interest payable
thereon shall be and remain exempt from State, County and mu-
nicipal taxation.

Sec. 4. And be it further enacted, That the sum of Thirty Thou-
sand Dollars ($30,000), or so much thereof as may be necessary,
shall be paid by the Treasurer of the State upon the warrant of the
Comptroller out of the proceeds of the sale of said bonds or Certifi-
cates of Indebtedness, for the payment of the expense of engrav-
ing, printing, and other outlays connected with the issue of the loans
hereby authorized, and for the payment of the advertising directed
by this Act, and all other incidental expenses connected with the
execution of its provisions in connection with said loans.

Sec. 5. And be it further enacted, That the actual cash proceeds
of the sale of the Certificates of Indebtedness to be issued under this
Act shall be paid to the Treasurer of the State upon the warrant of
the Comptroller, and such proceeds shall be used exclusively for the
following purposes, to wit:

The Comptroller shall, immediately upon the sale of and payment
for said certificates, first return to and credit the Treasury for a
sum equivalent to the amount expended as provided for in Section
4 of this Act; the remainder of the proceeds of said loans shall be
credited on the books of the State Treasury Department, in separate
accounts for loan "A" and loan "B" to be used as needed by the
State, upon approval by the Board of Public Works, and in ac-
cordance with the provisions of the subheading "Maryland Hospital
Commission," in the subtitle "Hospitals," in Article 43 of the An-
notated Code of Maryland, for loans to be made to voluntary non-
profit hospitals for the construction, expansion, relocation, replace-
ment or modernization of their hospital buildings, facilities and
equipment. For the purposes of these expenditures, the provisions
and requirements of said subheading are incorporated with this sec-
tion. No loan made hereunder shall be made at a rate of interest
greater than four per centum (4%).

Sec. 7A. And be it further enacted, That the provisions of this
Act authorizing and providing for "Loan A" and "Loan B" are
specifically declared to be severable, and generally, if any provision
of this Act or the application thereof to any person or circumstance is
held invalid for any reason, such invalidity shall not affect the other
provisions or any other application of this Act which can be given
effect without the invalid provision or application, and to this end,
all provisions of this Act are hereby declared to be severable.

Sec. 2. And be it further enacted, That new Sections 568H and
568-I be and they are hereby added to Article 43 of the Annotated
Code of Maryland (1965 Replacement Volume), title "Health," sub-
title "Maryland Hospital Commission," and to read as follows:

568H.

The State debt authorized for the purpose of loans under this sub-
heading shall consist of separate and distinct loans designated Loan
"A" and Loan "B." Hospitals eligible for loans to be made from