PHILLIPS LEE GOLDSBOROUGH, GOVERNOR. 909
CHAPTER 532.

AN ACT to repeal and re-enact, with amendments, Sections 40,
43, 51, 164-A, 167 and 171 of Article 4 of the Code of Public
Local Laws, title "City of Baltimore," sub-title "Charter."

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That Sections 40, 43, 51, 164-A, 167 and 171 of Article
4 of the Code of Public Local Laws, title "City of Baltimore,"
sub-title "Charter," be and the same are hereby repealed and
re-enacted, with amendments, so as to read as follows:
40. The Board of Estimates shall, on the first day of Octo-
ber, or as soon thereafter as practicable, in the year eighteen
hundred and ninety-eight, and in each succeeding year, procure
from the proper municipal department and shall send, with the
said ordinance of estimates, to both branches of the City Coun-
cil, a report showing the taxable basis for the next ensuing fiscal
year, and the amount which can reasonably be expected to be
realized by taxation for said year. The report shall contain an
aggregate statement of all the moneys to be expended during
the next ensuing fiscal year by the City, as set forth in said ordi-
nance of estimates, as well as of any other sums, if such there be,
which the City may be required to expend during the said year
for any purpose or purposes not included in the ordinance of
estimates, and it shall also state the total income which can rea-
sonably be expected to be received by the City for the next en-
suing fiscal year from licenses, fees, rents and all other charges,
including the amount believed to be collectible from taxes in
arrears. The report shall show the difference between such
anticipated expenditures and receipts of the City, and shall state
a rate for the levy of taxes sufficient to realize the amount re-
quired to meet the said difference. In the ordinance making
the annual levy of taxes, which ordinance shall be passed by
the Mayor and City Council of Baltimore in the month of
November in each year, and as soon as practicable after the
passage of the ordinance of estimates, the Mayor and City Coun-
cil of Baltimore shall fix a rate of taxation not less than the rate
stated in the aforesaid report; so that it shall not be necessary
at any time for the City, its officers or agents, to create a float-
ing debt to meet any deficiency, and it shall not be lawful for
the City, its officers or agents, to create a floating debt for any
such purpose. The taxes levied under said ordinance in the
month of November in ea'ch year shall be the taxes to be col-
lected for the fiscal year next ensuing after the said month of