BLAIR LEE III, Acting Governor                              60 9

the board of trustees for the purpose of refunding any
revenue bonds or revenue refunding bonds then outstanding
which shall have been issued under the provisions of §§
14B—14K, inclusive, of this subtitle, including the payment
of any redemption premium thereon and any interest accrued
or to accrue to the date of redemption of such bonds- The
issuance of such bonds, the maturities and other details
thereof, the rights, and remedies of the holders thereof,
the security therefor, and the rights, duties and
obligations of said board of trustees in respect to the same
shall be governed by the provisions of §§ 14B—14K,
inclusive, of this subtitle so far as the same may be
applicable.

(b) Bonds issued under the provisions of §§ 14B—14K,
inclusive, of this subtitle are hereby made securities in
which all public officers and public agencies of the State
and its political subdivisions, and all banks, trust
companies, savings and loan associations, investment
companies and others carrying on a banking business, all
insurance companies and insurance associations and others
carrying on an insurance business, all administrators,
executors, guardians, trustees, and other fiduciaries, and
all other persons may legally and properly invest funds,
including capital in their control or belonging to them.
Such bonds are hereby made securities which may properly and
legally be deposited with and received by any State or
municipal officer or any agency or political subdivision of
the State for any purpose for which the deposit of bonds or
other obligations of the State is now or may hereafter be
authorized by law.

14J. Same—Title to property acquired or constructed;
consent to use of State lands.

(a)   The title to any property acquired or constructed
under the provisions of §§ 14B—14K, inclusive, of this
subtitle shall be in the State of Maryland to the benefit
and use of the board of trustees of St. Mary's College of

Maryland.

(b)   The State of Maryland hereby consents to the use
of any lands owned by it which may be suitable and necessary
for the construction or operation of any of the buildings
and facilities authorized by the provisions of §§ 14B—14K,
inclusive, of this subtitle.

14K. Same—Liberal construction and severability of
provisions.

(a)   The provisions of §§ 14B-14K, inclusive, of this
subtitle being necessary for the welfare of the State and
its inhabitants, shall be liberally construed to effect the
purposes thereof.

(b)    The provisions of §§ 14B—14K, inclusive, of this
subtitle are severable, and if any of such provisions shall
be held unconstitutional by any court of competent