1378 LAWS OF MARYLAND. [CH. 560

such bonds in such manner, either at public or at private
sale, and for such price, as it may determine to be im the
best interests of the State, but no such sale shall be made at
a price so low as to require the payment of interest on the
money received therefor at more than four per centum (4%)
per annum, computed with relation to the absolute maturity
of the bonds in accordance with standard tables of bond
values, excluding, however, from such computation the amount
of any premium to be paid on redemption of any bonds prior
to maturity.

147M. The proceeds of the bonds sold hereunder shall be
paid to the State Treasurer and shall be paid out by the
State Treasurer upon the order of the Commission, and upon
warrants of the State Comptroller, solely for the purposes set
forth in Section 147-I of this Article.

147N. For the payment of the principal of and the interest
on the bonds issued under this sub-title as the same become
due and payable, there shall be and is hereby laid an annual
tax which shall consist of the following: (a) such amounts
as may be necessary of the proceeds of the excise tax
on the issuance of certificates of title of motor vehicles
required to be paid pursuant to the provisions of Section
25A of Article 66 1/2 of the Annotated Code of Maryland
(1943 Supplement), as amended by this Act; and (b) such
amounts as may be necessary of the Gasoline Tax Fund
allocated to the Commission pursuant to Sections 10 and
11 of Article 89B of the Annotated Code of Maryland as en-
acted by Section 14 of this Act, subject to the prior use of a
part of said share of said Gasoline Tax Fund as provided and
authorized in Sections 140A to 140M, both inclusive, of Article
89B of said Code ( 1943 Supplement), in Sections 140-N to
140-U, both inclusive, of Article 89B of said Code, as amended
by the Acts of 1945, Chapter 755, and in Sections 147A to
147F, both inclusive, of Article 89B of said Code (1943 Sup-
plement).

Until all of the bonds issued under the provisions of this sub-
title shall be paid, the proceeds of the annual tax laid by this
Section shall be set aside as received to the credit of a sinking
fund for the payment of the principal of and the interest on
such bonds until the amount held for the credit of said sink-
ing fund shall be equal to the amount required for the pay-
ment of the principal of and the interest on the bonds then
outstanding which will become payable in the current year
and in the next succeeding fiscal year. The proceeds of the
taxes laid under the provisions of this section are hereby
irrevocably pledged to the payment of the principal of and the