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Session Laws, 1924
Volume 568, Page 1300   View pdf image (33K)
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1300 LAWS OF MARYLAND. [CH. 533

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

SEC. 5. And be it further enacted, That the sum of five
thousand dollars ($5, 000), or so much thereof as may be nec-
essary, shall be paid by the Treasurer of the State upon the
warrant of the Comptroller out of the proceeds of the sale of
said 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. 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 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
payment for said bonds or certificates of indebtedness, first
return to and credit the Treasurer for whatever advances or
payments may have been made as provided for by Section 5
of this Act; the remainder shall be credited to the University
of Maryland, and be used, expended and applied in making
such repairs, improvements and additions to the Hospital and
other buildings of the University of Maryland in Baltimore
City as the Board of Regents of said University, with the
approval of the Board of Public Works, find necessary for the
safety or protection thereof, or of any parts thereof.

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 the State taxes for the year 1925 at one-thirtieth
(1/30) of one cent on each one hundred dollars ($100) of
assessable property; for the year 1926 at one-fiftieth (1/50)
of one cent on each one hundred dollars ($100) of assessable
property; for the year 1927 at one-twentieth (1/20) of one
cent on each one hundred dollars ($100) of assessable prop-
erty; for the year 1928 and annually thereafter to and includ-
ing the year 1939, at one-twenty-fifth (1/25) of one cent on

each one hundred dollars ($100) of assessable property, to be
collected according to law, to meet the interest on the amount

 

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Session Laws, 1924
Volume 568, Page 1300   View pdf image (33K)
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