1076 LAWS OF MARYLAND. [CH. 508

indebtedness shall be deemed to be an obligation or debt of
the State of Maryland or a pledge of the faith and credit
of said State, but the said indebtedness so evidenced shall
be payable exclusively from the revenue from truck licenses
and franchise taxes and from the revenue from the gas tax
as hereinafter provided for or out of such monies as shall be
duly appropriated from time to time for that purpose by the
General Assembly of Maryland.

82. There shall be laid and collected an annual tax suffi-
cient to pay the principal of and interest on the said promis-
sory notes, bonds or other evidences of indebtedness issued
pursuant to the provisions of this sub-title as the same shall
fall due. Such annual tax shall consist of such part of the
license fees and franchise taxes with respect to trucks and
commercial vehicles required to be paid by Article 56 of the
Code of Public General Laws of Maryland (after deducting
therefrom so much thereof as shall be necessary to pay the
interest on and principal of the series of $4, 000, 000 of State
Roads Commission 4% Bonds issued pursuant to the pro-
visions of Sections 70 to 75, both inclusive, of said Arti-
cle 89B as enacted by Chapter 463 of the Acts of the General
Assembly of Maryland at its 1933 regular session, as amended
by Chapter 93 of the Acts of said General Assembly at its
1933 extraordinary session) and such part of one and four
tenths mills (. 0014c) of the two cents (2c) gasoline tax
required to be paid pursuant to the provisions of Section
212 of Article 56 of the Code of Public General Laws of
Maryland (the proceeds of said one and four-tenths mills
(. 0014c) tax is estimated to produce $266, 000 of revenue
each year), as shall be necessary to pay such interest and
principal as it falls due, and to provide for the creation
and maintenance of a reserve fund of not less than $150, 000,
such reserve fund to be kept separate from other funds of
the State and to be used for the payment of such interest
and principal in the event that funds otherwise provided
for herein shall prove unavailable or insufficient. Such
annual tax shall amount to not less than $250, 000 per year
and shall not be repealed, diminished or applied to any
other object until the debt incurred under this sub-title
and interest thereon, shall be fully discharged. Provided,
however, that in the event the Commission shall issue
refunding bonds pursuant to the provisions of Sections 123
to 129 of Article 89B of the 1935 Supplement to the
Annotated Code of Maryland, 1924 Edition, as enacted by
Chapter 1—— of the Acts of the General Assembly of Mary-
land at its 1937 regular session, there shall be deducted from
such annual tax the amount necessary to pay the principal

i Ch. 355 evidently intended.