234                              LAWS OF MARYLAND                      [CH. 147

passed by a yea and nay vote supported by three-fifths of the members
elected to each of the two Houses of the General Assembly of Mary-
land, the same shall take effect from the date of its passage.

Approved April 14, 1967.

CHAPTER 147
(House Bill 1144)

AN ACT to authorize the creation of a State debt, in the aggregate
amount of Four Hundred Thousand Dollars ($400,000.00) for the
purpose of aiding in the construction of a building for the Medical
Examiner's office in Baltimore City; and providing generally for
the issuance and sale of certificates of indebtedness evidencing
such 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 "Baltimore City Medical Exam-
iner's Office Loan of 1967," in the aggregate amount of Four Hundred
Thousand Dollars ($400,000.00).

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 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
empowered to, pass a resolution or resolutions from time to time,
determining and setting forth:

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

(b)    The form of the certificate representing the loan or any part
thereof so authorized to be issued at any particular time including
any interest coupons to be attached thereto, and provisions for the
issuance of certificates in registered form, provisions for the regis-
tration of any coupon certificates as to principal of loan and for the
reconversion into coupon certificates of any certificates registered as
to principal.

(c)    The denomination or denominations of the certificates to be
issued at any particular time, which may be not less than One Hun-
dred Dollars ($100.00) but may be sums of One Hundred Dollars
($100.00) or any suitable multiple thereof, and the place or places
of payment of principal and interest thereof.

(d)    The rate and rates of interest of the certificates to be issued
at any particular time not exceeding in any case 4% 4½% per annum,
payable semi-annually.