352                              Laws of Maryland                       Ch. 102

(c) The denomination or denominations of the certificates to be
issued at any particular time, which may not be less than one hun-
dred dollars ($100) but may be in sums of one hundred dollars
($100) 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, said interest to be payable semi-annually.

(D) THE RATE OR RATES OF INTEREST OF THE CERTIF-
ICATES TO BE ISSUED AT ANY PARTICULAR TIME, PAY-
ABLE SEMI-ANNUALLY.

(e) The date of the certificates issued at any particular time,
and within the limits prescribed by Article III, Section 34 of the
Constitution of Maryland, the redemption dates of said certificates.

The resolution authorizing the issuance of said loan or any por-
tion thereof shall set forth in detail the dates when any of the
certificates representing said loan or any portion thereof are to be
redeemed and the amount to be redeemed upon such dates, respec-

tively, according to the serial annuity plan applied to said loan as

a whole or to the group of certificates evidencing a part of said

loan issued at a particular time, as the case may be. Said loan and

TIVELY. SAID LOAN AND certificates and every part thereof and
the interest payable thereon shall be and remain exempt from State,
County and municipal taxation.

Sec. 2. And be it further enacted, That the Board of Public
Works is hereby authorized and directed to have prepared proper
Certificates of Indebtedness of the State in good and sufficient form
to aggregate the amount of Twenty-Five Million Dollars ($25,000,-
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 coun-
tersigned in the manner prescribed by the Maryland Constitution.
TERSIGNED IN THE MANNER PRESCRIBED BY SECTION 3
OF ARTICLE VI OF THE MARYLAND CONSTITUTION.

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 In-
debtedness, or any part thereof, shall be issued, in two newspapers
published 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 the 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 provi-
sions 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 date of delivery of and payments PAYMENT 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 ad-