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The Annotated Code of the Public General Laws of Maryland, 1914
Volume 373, Page 528   View pdf image (33K)
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528 DEBT——PUBLIC. [ART. 31

fourths of one cent on each one hundred dollars ($100) of assessable
property, to be collected according to law, to meet the interest and create
a sinking fund for the redemption of "The Maryland State Normal
School Loan" created under the provisions of the Act of 1912, Chapter
776.

State Omnibus Loan of 1914.

1914, ch. 791, sec. 1.

45. The Board of Public Works is hereby authorized and directed
to issue a State loan in the sum of $950,000, to be appropriated, applied,
divided and apportioned as follows:

$225,000 for the completion of the Maryland State Normal School;

$11,500 for the completion of the State Armory in the City of Fred-
erick ;

$10,500 for the completion of the State Armory in the City of Salis-
bury;

$25,000 for the completion of the State Armory and Convention Hall
in the City of Annapolis;

$110,000 for the enlargement and improvement of Springfield State
Hospital;

$80,000 for the enlargement and improvement of Spring Grove State
Hospital;

$100,000 for the enlargement and improvement of Crownsville State
Hospital; .

$100,000 for the enlargement and improvement of Eastern Shore
State Hospital;

$28,000 for the enlargement and improvement of Rosewood Training
School.

. $60,000 for the acquisition of land and erection thereon of two State
Armories at a cost not exceeding $30,000 each for the First Regiment
Maryland National Guard;

$200,000 for, the acquisition of land and toward the erection thereon
of a State Armory for the Fourth Regiment Maryland National Guard.*

1914, ch. 791, sec. 2.

46. In order to provide for the expenditures to be incurred for
the purposes set forth in section 45, a loan is hereby created, to be
called the "State Omnibus Loan of 1914" in the amount of $950,000
said loan to be dated August 1st, 1914, and to bear interest at a rate to
be fixed by the Governor, Comptroller of the Treasury and Treasurer
of this State, or a majority of them, not to exceed four per centum per
annum, payable on the first days of August and February of 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

*For full details of the "State Omnibus Loan of 1914," see the act of 1914,
ch. 791.

 

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The Annotated Code of the Public General Laws of Maryland, 1914
Volume 373, Page 528   View pdf image (33K)
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