MARVIN MANDEL, Governor                                2131

(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
registration 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 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 thereof.

(D)_____The rate or rates of interest of the

certificates to be issued at any particular time, payable
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 portion 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, respectively, 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 certificates and every part thereof
and the interest payable thereon shall be and remain
exempt from State, county and municipal taxation.

2. ____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 [[seventy
million dollars ($70,000,000)]] [[EIGHTY MILLION DOLLARS
($80,000,000)]] EIGHTY TWO MILLION DOLLARS ($82,000,000)
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 countersigned in the
manner prescribed by Section 3 of Article VI of the
Maryland Constitution.

11C.

That, for the fiscal year 1972, of the funds
appropriated by Section 5 of this Act, there shall be