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Session Laws, 1922
Volume 563, Page 749   View pdf image (33K)
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ALBERT C. RITCHIE, GOVERNOR. 747

expenses connected with the execution of its provisions in
connection with said loan.

SEC. 6. And be it further enacted, That the actual cash
proceeds of the sale of the certificates of indebtedness to be
issued under this Act shall be used exclusively for the following
purposes, to wit:

The Comptroller shall, immediately upon the sale of and
payment for said bonds or certificates of indebtedness, first re-
turn to and credit the Treasury with whatever advances of pay-
ments may have been made as provided for by Section 5 of
this Act. The remainder of the proceeds of said loan shall be
credited to the State Roads Commission, and shall be turned
over to said Commission from time to time whenever and as
called for, and shall be used by said State Roads Commission
in building a direct road from Southern Maryland to Baltimore
City, said road to be known as the ''Baltimore-Southern Mary-
land and Trunk Line."

The Baltimore-Southern Maryland Trunk Line shall begin
at some point near Mattawoman, in Charles County, and run
through Upper Marlboro to a point near Benfield, in Anne
Arundel County, a distance of approximately thirty-three
miles. The exact route shall be determined by the State Roads
Commission in order to secure the most direct route from Bal-
timore to Southern Maryland for the least cost.

SEC. 7. And be it further enacted, That the County Com-
missioners of the several counties of the State, and the Mayor
and City Council of Baltimore are hereby respectively directed
to levy state taxes for the year 1923 at 1/13 of one cent on
each one hundred dollars of assessable property; for the year
1924 at 2/13 of one cent on each hundred dollars of assess-
able property; for the year 1925, 1/3 of one cent on each one
hundred dollars of assessable property; for the year 1926, at
1/2 of one cent on each one hundred dollars of assessable prop-
erty ; for the year 1927, at 3/5 of one cent on each one hundred
dollars of assessable property; for the year 1928, and annually
thereafter, to and including the year 1940, 5/7 of one cent on
each one hundred dollars of assessable property, to be collected
according to law, to meet the interest on the amount of said
certificates outstanding and also to meet and redeem so much
of the principal in each of said years as will be represented
by certificates redeemable in each year, respectively, as herein
specified in Section 2 of this Act.


 

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Session Laws, 1922
Volume 563, Page 749   View pdf image (33K)
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