884                                        LAWS OF MARYLAND                                Ch. 423

COMBINATIONS DESIGNED AND USED FOR CARRYING FREIGHT
OR MERCHANDISE IN THE FURTHERANCE OF ANY COMMERCIAL
ENTERPRISE. THE ADMINISTRATOR BY REGULATION MAY
PROMULGATE AND ENFORCE STANDARDS FOR HITCHES AND
TOWING PROCEDURES FOR TOWING MOTOR VEHICLES AND
TOWED VEHICLES, WHICH APPLY TO MOTOR VEHICLES AND
VEHICLES SUBJECT TO THIS SUBSECTION.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act is hereby
declared to be an emergency measure and necessary for the immediate preservation
of the public health and safety and having been passed by a yea and nay vote
supported by three-fifths of all the members elected to each of the two Houses of
the General Assembly, the same shall take effect from the date of its passage.

Approved May 21, 1973.

CHAPTER 424
(Senate Bill 683)

AN ACT to authorize the creation of a State debt in the aggregate amount of Six
Million Dollars ($6,000,000), the proceeds thereof to be made part of the
Industrial Project Mortgage Insurance Fund established by Section 266S of
Article 41 of the Annotated Code of Maryland (1971 Replacement Volume) of
the Maryland Industrial Development Financing Authority and to be subject to
all of the terms, conditions and purposes of the Maryland Industrial
Development Financing Authority contained in said Article, as amended from
time to time; and providing generally for the issue and sale of bonds evidencing
such loan.

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Board of Public Works is hereby authorized and
empowered to issue a State loan to be known as the "State Industrial
Development Fund Loan of 1973," in the aggregate amount of Six Million Dollars
($6,000,000).

The certificates of indebtedness (hereinafter called "bonds") evidencing said
loan may be issued all at one time or, in groups, from time to time, as hereinafter
provided. All of said bonds evidencing said loan, or any group thereof, shall be
issued according to a serial maturity plan to be established in the resolution
authorizing the issuance of said loan or any portion thereof, which plan need not
be in equal par amounts or in consecutive annual installments but shall be so
worked out as to discharge the principal represented by said bonds within fifteen
(15) years from the date of issue. It shall not be necessary to provide for the
payment of any part of the principal represented by any of said bonds for the first
two (2) years from the date of issuance.

The Board of Public Works 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.