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Session Laws, 1949 (Special Session), House and Senate Journals
Volume 576, Page 10   View pdf image (33K)
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10 LAWS OF MARYLAND. [CH. 1

SEC. 7. And be it further enacted, That all proceeds re-
ceived from the Counties of this State which have been
granted financial assistance under the provisions of this Act
and from the City of Baltimore if said City has been granted
financial assistance under this Act, under agreements signed
with the aforesaid Counties or the aforesaid City, all as
more particularly provided in Section 5 of this Act, shall be
deposited in a reserve fund by the State Comptroller; such
reserve fund to be only used for the payment of the principal
and interest on any and all certificates issued by the State
of Maryland pursuant to the terms of this Act.

SEC. 8. 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 years 1951 and 1952
at Three Cents (3c) on each One Hundred Dollars ($100)
of assessable property, and for the year 1953 and all suc-
ceeding years until all certificates issued under the authority
of this Act are redeemed, Fifteen Cents (15c) on each One
Hundred Dollars ($100) of assessable property, to be col-
lected 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 may be
represented by certificates redeemable in each year, respec-
tively, provided, however, that the levy or levies provided
for in this Section shall not be made and the said tax or
taxes shall not be collected in any year if before January 1,
of that year and before the beginning of each year thereafter
the Board of Public Works shall ascertain as a fact upon a
certified statement rendered to such Board by the State
Comptroller that all payments of principal and interest pay-
able in the current year on the certificates issued pursuant to
this Act have been paid, and that the funds required for the
payment of all principal and interest on such certificates in
the next succeeding year have been paid to the Comptroller
from the payments received from each of the Counties and the
City of Baltimore, as more particularly provided in Section 5
of this Act. Upon the ascertainment of such facts by the
Board of Public Works, the Governor shall, by proclamation
issued pursuant to a resolution of the Board of Public Works,
publicly declare that the State taxes provided for in this sec-
tion shall not be collected or levied in any such succeeding
year.

SEC. 9. And be it further enacted, That this Act is hereby
declared to be an emergency law and necessary for the im-
mediate preservation of the public health and safety and
having been passed by a yea and nay vote, supported by
three-fifths of all the members elected to each of the two

 

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Session Laws, 1949 (Special Session), House and Senate Journals
Volume 576, Page 10   View pdf image (33K)
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