1260                                             LAWS OF MARYLAND                          [Ch. 289

authorized and empowered to issue a State loan to be
known as the "General Construction Loan of 1974", in the
aggregate amount of [[Eighty Four Million Six Hundred and
Fifty Three Thousand Eight Hundred Dollars

[[($84,653,800.00)]] ($84,653,800).]] Ninety Two Million

Two Hundred__Two Thousand One ___Hundred Dollars,

($92,202,100).

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.

(b)   The form of the bond representing the loan or
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 bonds in
coupon form and for the registration of coupon bonds as
to principal only.

(c)   The denomination or denominations of the bonds
to be issued at any particular time, which may not be
less than One Hundred 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 thereon.

(d)    The rate or rates of interest on the bonds to
be issued at any time, payable semi—annually.

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

The resolution authorizing the issuance of said loan