ALBERT C. RITCHIE, GOVERNOR. 1455
SEC. 5. And be it further enacted, That the sum of five
thousand dollars ($5,000) or so much thereof as may be neces-
sary shall be paid by the Treasurer of this State upon the
warrant of the Comptroller out of the proceeds of the sale
of bonds or certificates of indebtedness for the payment of
the expense of engraving, printing and other outlays connected
with the issue of the loan hereby authorized, and for the pay-
ment of the advertising directed by this Act, and all other
incidental expenses connected with the execution of its pro-
visions in connection with said loan.
SEC. 6. And be it further enacted. That the actual cash
proceeds of the sale of the certificates of indebtedness to be
issued under this Act shall be used exclusively for the follow-
ing purposes, to wit: The Comptroller shall immediately upon
the sale of and payment for said bonds or certificates of in-
debtedness first return to and credit the Treasury with what-
ever advances of payments may have been made as provided
for by Section 5 of this Act. The remainder of the proceeds
of said loan shall thereupon be paid to the Board of Trustees
of Morgan College for the construction and equipment of a
Science Building at said College, but conditioned upon the
raising by July 1, 1929, by the institution of an additional
one hundred thousand dollars ($100,000).
SEC. 7. And be it further enacted, That the County Com-
missioners of the several counties of the State and the Mayor
and City Council of Baltimore are hereby respectively di-
rected to levy State taxes for the year 1930 at three one-hun-
dredths (3/100) of one cent on each one hundred dollars of
assessable property; for the year 1931 at three one-hundredths
(3/100) of one cent on each one hundred dollars of assessable
property; for the year 1932, and annually thereafter, to and
including the year 1944, four one-hundredths (4/100) of one
cent on each one hundred dollars of assessable property, to be
collected according to law, to meet the interest on the amount,
of said certificates outstanding, and also to meet and redeem
so much of the principal in each of said years as will be repre-
sented by certificates redeemable in each year, respectively,
as herein specified in Section 2 of this Act.
SEC. 8. And be it further enacted, That this Act shall
take effect June 1, 1927.
Approved April 26, 1927.
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