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Session Laws, 1912
Volume 370, Page 681   View pdf image
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PHILLIPS LEE GOLDSBOROUGH, ESQ., GOVERNOR. 681

required for such purpose, for the extension, redemption and
payment of the bonds or evidences of indebtedness of this
State, issued under Chapter 219 of the Acts of 1898, men-
tioned and referred to in the preamble of this act; and all cer-
tificates of indebtedness of this State, issued under the provi-
sions of this act, and not exchanged or disposed of under the
provisions of this act, for the purpose of the extension, redemp-
tion or payment of the indebtedness of this State, shall be
cancelled by the said Comptroller of the Treasury and Treas-
urer, and a record of such cancellation be preserved by each of
said officers.

SEC. 7. And be it enacted, That the sum of ten thousand
dollars, or so much thereof as may be necessary, is hereby
appropriated for the payment and settlement of all amounts or
differences of interest required to be paid by the State, in mak-
ing any of the exchanges authorized by this act, and not herein-
before or otherwise provided for, and for the payment of the
expenses of engraving or printing, and other expenses connected
with the issue of the State Loan of 1914, authorized by this
act, and for the payment of the advertising directed by this
act, and of all incidental expenses necessarily connected with
the execution of the provisions of this act; and the said sum of
money hereby appropriated shall be paid, as and when required
by the Treasurer of this State, upon the warrant of the Comp-
troller of the Treasury upon vouchers approved by him.

SEC. 8. And be it further enacted, That the County Com-
missioners of the several counties of this State, and the Mayor
and City Council of Baltimore City are hereby directed to levy
the State taxes for the year nineteen hundred and fourteen, and
annually thereafter, to be collected according to law, to the
amount of whatever amount may be designated to be levied by
the act of nineteen hundred and twelve, fixing the tax rate for
outstanding debt to meet the interest and to create a sinking
fund for the redemption of the State Loan of nineteen hundred
and fourteen.

SEC. 9. And be it further enacted, That the Board of Pub-
lic Works be and it is hereby authorized to transfer to. the
"Consolidated Loan of 1899" sinking fund on or before the
first day of January, nineteen hundred and fourteen, such of
the State debt known as the "Consolidated Loan of 1899" as
may at the time of such transfer be held in the other State sink-
ing funds, in exchange at par for other bonds or certificates of
indebtedness issued by the State of Maryland as may at the
time of such exchange form part of the sinking fund of the said
"Consolidated Loan of 1899."

 

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Session Laws, 1912
Volume 370, Page 681   View pdf image
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