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The Annotated Code of the Public General Laws of Maryland, 1939
Volume 379, Page 3343   View pdf image (33K)
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STATE ROADS 3343

cent (2c) gasoline tax required to be paid pursuant to the provisions of
Section 131 of Article 89B of the Code of Public General Laws of Mary-
land, as shall be necessary to pay the principal and interest of such
refunding bonds as the same shall fall due, and to provide for the creation
and maintenance of a reserve fund of not less than $345,000, such reserve
fund to be kept separate from other funds of the State and to be used for
the payment of such principal and interest in the event that funds other-
wise provided for herein shall prove unavailable or insufficient. Such
annual tax as derived from the above mentioned license fees and franchise
taxes shall amount to not less than $600,000 per year, and as derived from
the above mentioned part of the gasoline tax shall amount to not less than
$250,000 per year, and such annual taxes shall not be repealed, diminished
or applied to any other object until the principal and interest of such
refunding bonds shall be fully paid or provisions made for their payment.
After the principal and interest of such refunding bonds becoming due
each year shall have been paid and the reserve fund of $345,000 main-
tained, the remaining revenue produced from the said taxes each year shall
be expended by the Commission as otherwise provided for by law. If such
reserve fund is invested, it shall be invested only in obligations to the
payment of which the full faith and credit of the State of Maryland are
pledged, or in bonds issued by the State Roads Commission of Maryland."

1937, ch. 355, sec. 128.

146. Should any section, or part of a section of this sub-title be held
to be invalid for any reason, such holding shall not be construed as affect-
ing the validity of any remaining section or part of a section of this sub-
title, it being the legislative intent that the remainder of this sub-title shall
stand, notwithstanding the invalidity of such section or part of a section.

1937, ch. 355, sec. 129.

147. The State Roads Commission of Maryland shall have no power
to pledge to the payment of the principal of or the interest on such refund-
ing bonds any tolls which may be charged and collected for the use of
any bridge or bridges now erected or to be erected on the State roads sys-
tem or on any main route or road in the State of Maryland or over any
body of water forming a boundary line of the State, and the tolls charged
and collected for the use of any such bridge shall not be pledged or applied
to the payment of the principal of or the interest on such refunding bonds.
Secs. 123-147 held valid in Wyatt v. State Roads Comm., 175 Md. 258.

Convict Labor.

1937, ch. 505. 1939, ch. 566.

148. (Convict Labor.) The State Roads Commission is authorized
and directed to expend a sum of Two Hundred Thousand Dollars ($200,-
000.00) a year for the fiscal years of 1940 and 1941, from the Reconstruc-
tion and Maintenance Fund to be used for the purpose of employing, on
reconstruction and maintenance of State and county roads, prisoners in the
penal institutions of the State which institutions are under the control and
direction of the Board of Correction; and the said Board of Correction is
directed to furnish the said Commission, for the above purposes, such
prisoners as in its judgment may be safely utilized for such work, the


 

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The Annotated Code of the Public General Laws of Maryland, 1939
Volume 379, Page 3343   View pdf image (33K)
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