3782                                        LAWS OF MARYLAND                     [Ch. 892

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

Approved May 15, 1975.

CHAPTER 893
(House Bill 166 0)

AN ACT concerning

Creation of a State Debt — The Baltimore Zoo

FOR the purpose of authorizing the creation of a State
debt in the aggregate amount of One Million
Forty—Seven Thousand Dollars ($1,047,000) to be
known as the "[[Manson]] Mansion House and The
Maryland Building Loan of 1975", the proceeds
thereof to be used for the purpose of the
renovation, restoration, improvement and equipping
of Manson House and The Maryland Building located at
The Baltimore Zoo, Druid Hill Park in the City of
Baltimore, Maryland, including the payment of
architects' and engineers' fees; and further to
provide for landscaping said Maryland Building; and
providing generally for the issue and sale of bonds
evidencing 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 "Manson House and The Maryland Building Loan
of 1975", in the aggregate amount of One Million
Forty—Seven Thousand Dollars ($1,047,000).

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.