MARVIN MANDEL, Governor

3615

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 [[eighty three
million, two hundred and twenty eight thousand, five
hundred dollars ($83,228,500)]] [[one hundred thirteen
million, six hundred eleven thousand, seven hundred
twenty-three dollars ($113,611,723)]] [[one hundred
thirteen million, seven hundred sixteen thousand, seven
hundred twenty—three dollars ($113,716,723)]] one hundred
fourteen million, fifty—one thousand, seven hundred
twenty—three dollars ($114,051,723), 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