820 DEBT——PUBLIC. [ART. 31

1904, art. 31, sec. 8. 1900, ch. 326.

8. The county commissioners and the mayor and city council of
Baltimore city are directed to levy the State taxes for the year 1900
at fifteen-sixteenths of one cent on each one hundred dollars, and for
the year 1901 and annually thereafter twelve-sixteenths of one cent on
each one hundred dollars, to be collected according to law, to meet the
interest and to create a sinking fund for the redemption of said "State
Building and Improvement Loan."

Ibid. sec. 9. 1902, ch. 200.

9. For the purpose of erecting an addition to the state house in
the city of Annapolis, for the removal and demolition of the state library
building and the annexes thereto, and for the purchase of a lot of
ground and the construction thereon of a central plant for the heating
of all the state buildings in Annapolis and for the furnishing of said
state buildings and for the completion of the fifth regiment armory and
the construction of an annex to the Maryland house of correction, a loan
is hereby created to be called the "State Loan of 1902" to the amount
of six hundred thousand dollars; the sum of two hundred and fifty
thousand dollars for the erection of an addition to the state house in
the city of Annapolis and for the furnishing thereof and for the removal
and demolition of the state library building and the annexes thereto,
and the sum of one hundred and forty thousand dollars for the purchase
of a lot and the erection thereon of a central heating plant to heat all
of the state buildings in Annapolis and for the furnishing of the state
building now being erected under the act of 1900, chapter 326, and the
sum of one hundred and twenty thousand dollars for the completion
of the fifth regiment armory, and the sum of ninety thousand dollars
for the construction of an annex to the Maryland house of correction.
The said loan hereby created shall in all its parts bear date the first
day of July, 1902, and shall bear interest at a rate to be fixed by the
governor, the comptroller of treasury and the treasurer of this State, or
a majority of them, not to exceed three and one-half per cent, per
annum, payable on the first day of January and July in each year, and
the said loan and every part thereof and the interest payable thereon
shall be and remain exempt from State, county and municipal taxation,
and the principal amount of said loan shall be redeemable at the pleas-
ure of the State of Maryland after the first day of July in the year
nineteen hundred and twelve.

Ibid. sec. 10. 1902, ch. 200.

10. The actual cash proceeds of the sales of the certificates of
indebtedness to be issued under the preceding section shall be paid to
the treasurer upon the warrant of the comptroller; and such proceeds
shall be used exclusively, as far as the same are required, for the
purposes hereinbefore mentioned, to wit: The sum of two hundred
and fifty thousand dollars for the purpose of erecting an addition to
the state house in the city of Annapolis and to furnish the same, and