1258                            LAWS OF MARYLAND                      [CH. 793

the rate of State tax on each $100 of assessable property necessary
to produce revenues to meet all interest and principal which will be
payable to the close of the next ensuing [calendar] taxable year on
all certificates theretofore issued or theretofore authorized by reso-
lution of the Board of Public Works to be issued, and the governing
bodies of each of the Counties and Baltimore City shall forthwith
levy and collect such tax at such rate.

All matters committed by this Act to the discretion of the Board
of Public Works shall be determined by a majority of said Board.

Chapter 22 of the Acts of 1962
6.

Until all of the interest on and principals of any certificates issued
under this Act are paid in full, there is hereby levied and imposed
an annual State tax on each One Hundred Dollars ($100.00) of assess-
able property at the rate to be determined in the following manner:
On or before December 1, 1962, and on or before [December] May
1st of each [calendar] year thereafter the Board of Public Works
certifies to the governing bodies of each of the counties and of Balti-
more City the rate of State tax on each One Hundred Dollars
($100.00) of assessable property necessary to produce revenue to
meet all interest and principal which will be payable to the close of
the next ensuing [calendar] taxable year on all certificates thereto-
fore issued or theretofore authorized by resolution of the Board of
Public Works to be issued, and the governing bodies of each of the
counties and Baltimore City will forthwith levy and collect such a
tax at such a rate.

Chapter 25 of the Acts of 1962

7.

Until all of the interest on and principal of any certificates issued
under this Act have been paid in full, there is hereby levied and im-
posed an annual State tax on each $100 of assessable property at the
rate to be determined in the following manner: on or before Decem-
ber 1, 1962, and on or before [December] May 1 in each [calendar]
year thereafter, the Board of Public Works shall certify to the gov-
erning bodies of each of the counties and Baltimore City the rate of
State tax on each $100 of assessable property necessary to produce
revenue to meet all interest and principal which will be payable to
the close of the next ensuing [calendar] taxable year on all certificates
theretofore issued or theretofore authorized by resolution of the
Board of Public Works to be issued and the governing bodies of each
of the counties and Baltimore City shall forthwith levy and collect
such tax at such rate. Provided, however, that the levy or levies
provided for in this section shall not be made and the said tax or
taxes shall not be collected in any year if before January 1, 1963, and
before the beginning of each year thereafter the Board of Public
Works shall ascertain as a fact upon a certified statement rendered
to such Board by the State Comptroller that all payment of principal
and interest on the certificates issued pursuant to the terms of this
Act have been met during the current year from the payments re-
ceived from each of the counties and the City of Baltimore, as more
particularly provided in Section 5 of this Act. Upon the ascertain-