LLOYD LOWNDES, ESQUIRE, GOVERNOR.
WHEREAS, A new loan has been created for the redemption

737

and payment of the State debt now outstanding, except the
loan of 1896, and for the completion of new buildings of the :
Maryland Penitentiary, and for the erection of buildings for
the Springfield Insane Hospital, and for the erection of build-
ings at the House of Correction, and for the purchase of a
site and erection of an armory building for the Fifth Regi-
ment of the Maryland National Guard, and it is necessary to
provide a tax to meet the interest and to provide sinking funds
therefor ; now therefore,

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That section twenty-two of Article eighty-one of the

Preamble,

Code of Public General Laws, title "Revenue and Taxes," sub-
title "Rate and Items of State Tax," as said section was '
amended by the Act of 1896, chapter 165, entitled "An Act
to regulate the levy for State purposes," be and the same ia
hereby repealed and re-enacted so as to read as follows :

22. The County Commissioners of the several con n ties of
this State, and the Mayor and City Council of Baltimore city,

Repeal..

are directed to levy the State taxes to be collected according to
law, and to be apportioned as follows: A tax of ten and one-
half cents on each hundred dollars to aid in support of the
public schools, to be distributed according to law among the
several counties and the city of Baltimore ; and a tax of five
and a quarter cents on each hundred dollars to meet the inter-
est and create sinking funds for the redemption of the State
debt, to be distributed after the payment of interest by the
Comptroller and Treasurer, to the credit of the sinking fund
of bonds in proportion to the respective issues and amounts
thereof outstanding; and a tax of two cents on each one hun-
dred dollars to defray the cost of supplying books for the use
of the children in the public schools in this State, making an
aggregate State tax of seventeen and three-quarter cents on
each hundred dollars ; and the Comptroller of the Treasury
shall levy the same State tax on the shares of capital stock
of all banks, State and National, and other incorporated insti-
tutions and companies of this State, the shares of whose
capital stock are liable by law to assessment and taxation.

Levy State
tax.

SEC. 2. And be it enacted, That this Act shall take effect
from the date of its passage.

Approved April 9, 1898.
47

Effective.