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LAWS OF MARYLAND

[Ch. 359

Court of Special Appeals has exclusive initial appellate
jurisdiction over any reviewable judgment, decree, order
or other action of a Circuit court or an orphans' court.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1975.

Approved April 22, 1975.

CHAPTER 360
(Senate Bill 812)

AN ACT concerning

Creation of a State Debt — Shore Erosion Control

FOR the purpose of authorizing the creation of a State
debt in the aggregate amount of One Million Dollars
(S1,000,000), the proceeds thereof to be used to
provide State funds for construction of shore
erosion projects; and providing generally for the
issuance and evidencing of 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 Shore Erosion Control Loan of 1975 in the
agqregate amount of One Million Dollars ($1,000,000).

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: