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Ch. 806
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3228
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LAWS OF MARYLAND
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exceeding in any case five per centum (5%) per annum,
payable semi—annually.
(e) The date of the certificates issued at any
particular time, and within the limit prescribed by
Article III, Section 34 of the Constitution of Maryland,
the redemption dates of said certificates.
The resolution authorizing the issuance of said loan
or any portion thereof shall set forth in detail the
dates when any of the certificates representing said loan
or any portion thereof are to be redeemed and the amount
to be redeemed upon such dates, respectively, according
to the serial annuity plan applied to said loan as a
whole or to the group of certificates evidencing a part
of said loan issued at a particular time, as the case may
be. Said loan and certificates and every part thereof
and the interest payable thereon shall be and remain
exempt from State, county and municipal taxation.
SEC. 2. AND BE IT FURTHER ENACTED, That the Board of
Public Works is hereby authorized and directed to have
prepared proper Certificates of Indebtedness of the State
in good and sufficient form to aggregate the amount of
[Three Million Dollars ($3,000,000)] EIGHT HUNDRED FIFTY
THOUSAND DOLLARS ($850,000) as evidence of such loan;
such Certificates of Indebtedness shall bear date as of
the time of their issue as provided in Section 1 of this
Act. Each of said certificates shall be signed and
countersigned in the manner prescribed by Section 3 of
Article VI of the Maryland Constitution.
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SECTION 3. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1977.
Approved May 26, 1977.
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CHAPTER 807
(House Bill 1181)
AN ACT concerning
Striped Bass - Legal Size
FOR the purpose of permitting the catching of striped
bass which measure less than a certain regulating
the catching of striped bass by size rather than by
size and weight.
BY repealing and reenacting, with amendments,
Article - Natural Resources
Section 4-734(a)(8)
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