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Session Laws, 1949
Volume 590, Page 1632   View pdf image (33K)
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1632 LAWS OF MARYLAND. [CH. 684

outlays connected with the issue of the loan hereby au-
thorized, and for the payment of the advertising directed
by this Act, and all other incidental expenses connected
with the execution of its provisions 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 paid to the Treasurer of
the State upon the warrant of the Comptroller, and such
proceeds shall be used exclusively for the following pur-
poses, to wit:

The Comptroller shall immediately upon the sale of and
payment for said bonds or certificates of indebtedness,
first return to and credit the Treasury for a sum equivalent
to the amount expended, as provided for by Section 5 of
this Act; the remainder of the proceeds of the said loan
shall be paid to the Board of Directors of the Maryland
School for the Blind for the construction and equipment of
a building on its premises for the colored deaf and blind
at said school.

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 respec-
tively directed to levy the State taxes for the year 1950 at
one-seventy-fifth (1, "5) of a cent on each One Hundred
Dollars ($100) of assessable property; for the year 1951
at one-thirtieth (1/30) of a cent on each One Hundred Dol-
lars ($100) of assessable property; and for the years 1952
to 1965, inclusive, at one-twentieth (1/20) of a cent on
each One Hundred Dollars ($100) 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 may be represented 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, 1949.

Approved May 6, 1949.

CHAPTER 684

(Senate Bill 382)

AN ACT to authorize the Mayor and City Council of
Cumberland, Maryland, to establish by Ordinance or

 

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Session Laws, 1949
Volume 590, Page 1632   View pdf image (33K)
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