1672                            LAWS OF MARYLAND                      [CH. 759

MEANOR, AND SHALL BE PUNISHED UPON CONVICTION
THEREOF BY A FINE NOT TO EXCEED FIFTY DOLLARS
($50.00).

Sec. 2. And be it further enacted, That this Act shall take effect
June 1, 1967.

Approved May 4, 1967.

CHAPTER 759
(House Bill 81)

AN ACT to authorize the creation of a State debt in the aggregate
amount of Forty One Million Nine Hundred Sixty One Thousand
and Six Hundred Dollars ($41,961,600) FORTY SEVEN MIL-
LION SIX HUNDRED AND TWENTY SIX THOUSAND TWO
HUNDRED DOLLARS ($47,626,200) FORTY-EIGHT MILLION
NINE HUNDRED THOUSAND SEVEN HUNDRED DOLLARS
($48,900,700), the proceeds thereof to be used for certain necessary
building, construction, demolition, planning, deferred maintenance
and equipment purposes of this State, for acquiring certain land
and options in connection therewith, and providing generally for
the issue and sale of Certificates of Indebtedness evidencing such
loan, and, for the purposes of this Act, modifying the provisions
of Section 8 of Chapter 903 of the Acts of 1963, Chapter 159 of
the Acts of 1964, Chapter 743 of the Acts of 1965, and Chapter 504
of the Acts of 1966, AND SECTION 9 OF THIS ACT.

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 "General Construction Loan of
1967", in the aggregate sum of Forty-One Million Nine Hundred
Sixty-One Thousand and Six Hundred Dollars ($41,961,600) FORTY-
SEVEN MILLION SIX HUNDRED AND TWENTY SIX THOU-
SAND TWO HUNDRED DOLLARS ($47,626,200) FORTY-EIGHT
MILLION NINE HUNDRED THOUSAND SEVEN HUNDRED
DOLLARS ($48,900,700).

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 certificates 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 certificates 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 em-
powered to, pass a resolution or resolutions, from time to time, deter-
mining and setting forth:

(a) The proportion of the total loan authorized by this Act
which shall be issued at any particular time.