548 LAWS OF MARYLAND. [CH. 306

CHAPTER 306.

AN ACT to repeal and re-enact with amendments Section 6
of Chapter 369 of the Acts of the General Assembly of
Maryland of 1924, entitled "An Act to authorize the crea-
tion of a State debt in the aggregate amount of one hundred
thousand ($100, 000) dollars, the proceeds thereof to be used
for a Library and Laboratory Equipment, General Improve-
ment and Construction, at Washington College, and provid-
ing generally for the issue and sale of certificates of indebted-
ness evidencing such loan, " so as to strike out the require-
ment of said Act that the payment of the $100, 000 State
loan provided thereby is conditioned upon the raising by
the said institution of an endowment fund and to make the
same unconditional and also to authorize the proceeds to be
used in paying off the indebtedness of the College as well
as for building, construction and equipment purposes.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That Section 6 of Chapter 369 of the Acts of the General
Assembly of 1924 be and the same is hereby repealed and re-
enacted with amendments so as to read as follows:

SEC. 6. And be it further enacted, That the actual cash pro-
ceeds of the sale of the certificates of indebtedness to be issued
under this Act shall be used exclusively for the following pur-
poses, to wit: The The Comptroller shall, immediately upon the
sale of and payment for said bonds or certificates of indebted-
ness, first return to and credit the Treasury with whatever ad-
vances of payments may have been made as provided for by
Section 5 of this Act. The remainder of the proceeds of said
loan shall thereupon be paid to the Board of Visitors and Gov-
ernors of Washington College for the purpose of paying off the
present indebtedness of the College and for general building,
construction and equipment purposes.

SEC. 2. And be it further enacted, That this Act is an emer-
gency law and necessary for the immediate preservation of the
public health and safety, and having been passed by a yea and
nay vote by three-fifths of all the members elected to each of the
two houses of the General Assembly, the same shall take effect
from the day of its passage.

Approved April 1, 1927.