1668

LAWS OF MARYLAND

Ch. 608

(b) refunding not exceeding such amount of the
outstanding State of Maryland bridge revenue refunding
bonds issued pursuant to the provisions of ARTICLE 89B,
§§ 163 to 181, inclusive, of [this article] THE ANNOTATED
CODE OF MARYLAND (1957 EDITION, AS AMENDED), as the
Commission may determine represents that amount of the
bridge revenue bonds originally issued pursuant to the
provisions of said [§§ 163-181] §§ 163 THROUGH 181,
inclusive, for the construction of the Potomac River
bridge which has not been retired from the revenues of
said bridge, including the payment of the redemption
premium on the bonds so refunded; (c) advancing
temporarily interest during the first year of
construction, paying the expense of engraving, printing,
advertising and other outlays with respect to the
issuance of the bonds authorized by this subheading; and
(d) paying the cost of financing, planning and
constructing by the Commission of a project or projects
approved by the Governor of Maryland as being in
compliance with such of the requirements of [§§ 189 and
190 of this article] §§ 1 AND 2 OF THIS SUBHEADING as may
be applicable, provided, however, that at least 50% of
the net proceeds of any bonds that may be issued under
this section, shall be used to pay the cost of financing,
planning and constructing such project or projects as
have an average daily traffic count, calculated in
accordance with [§ 190] §2 of this subheading, of three
thousand (3,000) or more vehicles per day. The
Commission is hereby authorized and empowered to retain
at any time, and from time to time, such private
accountants, attorneys, engineers and other professional
assistance as the Commission may deem necessary for
financing, planning or constructing any project or
projects.

§4. [§ 192.] Form, terms and execution of bonds;
negotiability and exemption from taxation.

The Commission shall determine the form of the
bonds, including any interest coupons to be attached
thereto, the denomination or denominations of the bonds,
and the place or places of payment of principal and
interest thereof, which may be at any bank or trust
company within or without the State of Maryland. The
bonds shall bear the manual or facsimile signatures of
the State Treasurer and the Chairman of the Commission
and the manual or facsimile countersignature of the State
Comptroller, as the Commission shall, in its discretion,
provide in the resolution authorizing the issuance of
said bonds, and a facsimile of the official seal of the
Commission shall be affixed to said bonds, attested by
the manual or facsimile signature of the secretary of the
Commission, as said Commission shall determine as
aforesaid, provided that at least one (1) of said four
(4) signatures shall, with respect to each issue of said
bonds, be a manual signature, and any coupons attached to
said bonds shall bear the facsimile signatures of the
Chairman of the Commission, the State Treasurer and the