2252                                               LAWS OF MARYLAND                         [Ch. 664

of Article III, Section 34 of the Constitution of
Maryland that can be obtained for the same.

SECTION 4. AND BE IT FURTHER ENACTED, That so much
thereof as may be necessary shall be paid by the
Treasurer of the State upon the warrant of the
Comptroller out of the proceeds of the sale of said bonds
for the payment of the expense of engraving, printing and
other outlays connected with the issue of the loan hereby
authorized, and for the payment of the advertising
directed by this Act, and all other incidental expenses
connected with the execution of its provisions in
connection with said loan.

SECTION 5. AND BE IT FURTHER ENACTED, That the
actual cash proceeds of the sale of the bonds to be
issued under this Act shall be paid to the Treasurer of
the State upon the warrant of the Comptroller and such
proceeds shall be used exclusively for the following
purposes, to wit:

(1)    The Comptroller, immediately upon the
sale of and payment for said bonds, first, shall return
to and credit the Treasury for a sum equivalent to the
amount expended under Section 4 of this Act.

(2)    The remainder of the proceeds of such
loan shall be credited on the books of the State
Comptroller, to be expended as needed by the State, upon
approval by the Board of Public Works, and as further
provided in this Act, for the purpose of preserving the
present character of State Circle and School Street in
Annapolis by the purchase and resale, with appropriate
restrictions, by the State of Maryland of real property
located on State Circle and School Street in Annapolis,
or by the acquisition by the State of Maryland of
architectural easements for real property located on
State Circle and School Street in Annapolis pursuant to
the provisions of Section 14C of Article 78A of the
Annotated Code of Maryland (1969 Replacement Volume and
1973 Supplement).

SECTION 6. AND BE IT FURTHER ENACTED, That all
funds which may be appropriated at any time or from time
to time by the General Assembly in any Annual State
Budget Bill for the payment of principal and interest on
bonds issued pursuant to this Act shall be deposited in
the Annuity Bond Fund by the State Comptroller to be
applied to the payment of principal and interest on bonds
issued pursuant to this Act.