submitting this amendment to the qualified voters of the
State for adoption or rejection.

SECTION 1. Be it enacted by the General Assembly of
Maryland (Three-fifths of all Members elected to each of
the two Houses concurring), That the following section be
and the same is hereby proposed as an amendment to Section
34 of Article III of the Constitution of Maryland, title
"Legislative Department", the same, if adopted by the legal
and qualified voters of the State as herein provided, to be-
come Section 34 of Article III of the Constitution of Mary-
land:

34. No debt shall be hereafter contracted by the General
Assembly unless such debt shall be authorized by a law
providing for the collection of an annual tax or taxes suffi-
cient to pay the interest on such debt as it falls due, and also
to discharge the principal thereof within fifteen years from
the time of contracting the same; and the taxes laid for this
purpose shall not be repealed or applied to any other object
until the said debt and interest thereon shall be fully dis-
charged. The credit of the State shall not in any manner
be given, or loaned to, or in aid of any individual association
or corporation; nor shall the General Assembly have the
power in any mode to involve the State in the construction
of works of internal improvement, nor in granting any aid
thereto which shall involve the faith or credit of the State;
nor make any appropriation therefor, except in aid of the
construction of works of internal improvement in the coun-
ties of St. Mary's, Charles and Calvert, which have had no
direct advantage from such works as have been heretofore
aided by the State; and provided that such aid, advances or
appropriations shall not exceed in the aggregate the sum of
five hundred thousand dollars. And they shall not use or
appropriate the proceeds of the internal improvement com-
panies, or of the State tax, now levied, or which may here-
after be levied, to pay off the public debt (or) to any other
purpose until the interest and debt are fully paid or the
sinking fund shall be equal to the amount of the outstanding
debt; [but the General Assembly may, without laying a tax,
borrow an amount never to exceed fifty thousand dollars to
meet temporary deficiencies in the Treasury, and] but the
GENERAL ASSEMBLY MAY AUTHORIZE THE Board
of Public Works shall ham authority to authorise and direct
the State Treasurer to borrow in the name of the State,
in anticipation of the collection of taxes, such sum or
sums as may be necessary to meet temporary deficiencies in
the treasury, to preserve the best interest of the State in the
conduct of the various State institutions, departments,