DEBT—PUBLIC. 393

contained shall be construed as in any manner to alter or amend any
law providing for the payment of obligations of any such county, mu-
nicipal or public corporation, special district and/or political sub-division
of this State maturing before June 1, 1935, by taxation or otherwise,
provision for the payment of which by borrowed money is temporarily
made under this sub-title; and provided further that the proceeds of any
general or special levy imposed by law for the purpose of providing funds
for the payment of any such obligations evidenced by coupon bonds or
notes, may, upon the receipt thereof, be applied to the payment of notes or
coupon bonds issued under the provisions of this sub-title, or in the
event the same become available after such notes or coupon bonds are
paid, then to the general funds of such county, municipal or public cor-
poration, special district and/or political sub-division of this State so
issuing such notes under the provisions of this sub-title. Provided, how-
ever, that the provisions of this sub-title shall not apply to Queen Anne's
County.

1933, ch. 153, sec. 4.

28. Nothing in this sub-title contained shall be construed to repeal or
in any manner to modify any statute of this State heretofore enacted
authorizing any designated county, municipal or public corporation,
special district and/or political sub-division of this State to refund or
otherwise provide in any manner whatsoever for the payment of any of its,
obligations as they mature, but the same shall be and remain in full force
and effect.

1933, ch. 153, sec. 5.

29. Nothing in this sub-title shall be taken or construed to be in
derogation of the limitation imposed upon the borrowing powers of the
counties, municipal or public corporations, special districts and/or polit-
ical sub-divisions of this State by Article III, Section 54 of the Constitu-
tion of Maryland, and it is hereby declared to be the legislative intent that
this sub-title shall apply to the payment and refunding of all other obliga-
tions evidenced by coupon bonds or notes, if the issuance of notes for the
purpose of paying or refunding any particular obligations or class of
obligations should be declared invalid under the provisions of Article III,
Section 54 of the Constitution.