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The Annotated Code of the Public Civil Laws of Maryland, 1911
Volume 372, Page 829   View pdf image (33K)
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ART. 31] STATE ROADS LOAN. 829

In order that the security for the bonds to be sold under sections 26 to
31 shall not in any way be impaired, the provisions of this section as
to the distribution and the use of the money in the several counties of
the State shall not be repealed by any future act.

1908, ch. 141, sec. 32 M.

30. Inasmuch as the purposes contemplated by the act of 1908,
chapter 141, do not demand immediate sale of all the certificates pro-
vided for, the governor, comptroller of the treasury and treasurer, or a
majority of them, may issue advertisements from time to time, in
accordance with the provisions of said act, for such part or parts of said
loan as may from time to time be required.

1908, ch. 141, sec. 32 o.

31. The county commissioners of this State and the mayor and city
council of Baltimore are directed to levy the State taxes for the year
1909 at two cents on each one hundred dollars of assessable property;
for the year 1910 at three and one-half cents on each one hundred
dollars of assessable property; for the year 1911, at four and one-half
cents on each one hundred dollars of assessable property; for the year
1912, at five and one-half cents on each one hundred dollars of assess-
able property; for the year 1913 and annually thereafter, at six cents
on each one hundred dollars of assessable property to be, collected accord-
ing to law, to meet the interest and create a sinking fund for the
redemption of the state road loan created under the provisions of sec-
tions 26 to 31.*

*As to "The Public Highways, 1910," loan, see art. 91, sec. 53, et seq.; see
also, act of 1910, ch. 116, sec. 32 u (p. 307), et seq.

 

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The Annotated Code of the Public Civil Laws of Maryland, 1911
Volume 372, Page 829   View pdf image (33K)
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