MARVIN MANDEL, Governor                                 2699

(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
or any portion thereof shall set forth in detail the
dates when any of the bonds representing said loan or any
portion thereof are to be paid and the amount to be paid
upon such dates, respectively. The bonds issued pursuant
to this Act, their transfer, the interest payable
thereon, and any income derived therefrom, including any
profit realized in the sale or exchange thereof, shall at
all times be exempt from taxation of every kind and
nature whatsoever within this State by the State of
Maryland or by any of its political subdivisions,
municipal corporations, or public agencies of any kind.

SECTION 2. AND BE IT FURTHER ENACTED, That the
Board of Public Works is hereby authorized and empowered
to have prepared proper bonds of the State in good and
sufficient form to aggregate the amount of One Million
Nine Hundred Thousand Dollars ([[$1,900,000.00)]]
($1,900,000), as evidence of such loan; such bonds shall
bear date as of the time of their issue as provided in
Section 1 of this Act. Each of said bonds shall be
signed and countersigned in the manner prescribed by
Section 3 of Article VI of the Maryland Constitution.

SECTION 3. AND BE IT FURTHER ENACTED, That in order
to provide for the sale of said bonds, the Board of
Public Works is hereby directed to advertise once before
the said bonds 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 issued under the
provisions of this Act, under such procedures as may be
determined in the discretion of the Board of Public