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Session Laws, 1922
Volume 563, Page 999   View pdf image (33K)
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ALBERT C. RITCHIE, GOVERNOR. 999

private sale upon the best terms they can obtain for the same:
provided they shall not be sold at private sale for less than
par and accrued interest.

SEC. 25 And be it further enacted, That the sum of ten
thousand dollars ($10,000.00), or so much thereof as may be
necessary, shall be paid by the Treasurer of this State upon
the warrant of the Comptroller out of the proceeds of the sale
of bonds or certificates of indebtedness, for the payment of the
expense of engraving, printing and other outlays connected
with the issue of the loan hereby authorized, and for the pay-
ment of the advertising directed by this Act, and all other
incidental expenses connected with the execution of its pro-
visions in connection with said loan.

SEC. 26. 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 paid to the Treasurer of the
State, upon the warrant of the Comptroller, and such proceeds
shall be used exclusively for the following purposes, to wit:
The Comptroller shall immediately upon the sale of, and pay-
ment for said bonds or certificates of indebtedness, first re-
turn to and credit the Treasury for whatever advances or pay-
ments may have been made, as provided for by Section 25 of
this Act. The remainder of the proceeds of said loan shall be
used for paying the amounts herein above provided upon the
applications approved by the Adjutant-General and in the
case of applicants desiring1 the educational compensation pro-
vision, said application also to be approved by the State Board
of Education as herein provided. Any one entited to any
payments under the provisions of this Act shall be entitled to
receive the amount in the bonds or certificates issued under
the provisions of this Act in so far as said amount can be paid
in sums of one hundred dollars or any multiple thereof, the
balance to be paid by warrant drawn on the Treasurer by the
Comptroller.

SEC. 27. And be it further enacted, That the County Com-
missioners of the several counties of this State, and the Mayor
and City Council of Baltimore, are hereby respectively direct-
ed to levy the State taxes for the years 1923 and 1924 at three
cents (3c.) on each one hundred dollars of assessable property:
and for the year 1925, and annually thereafter, to and in-
cluding the year 1937, at six and three-tenths cents (6-3/10c),
or so much thereof as may be necessary, on each one hundred

 

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Session Laws, 1922
Volume 563, Page 999   View pdf image (33K)
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