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Session Laws, 1949 (Special Session), House and Senate Journals
Volume 576, Page 18   View pdf image (33K)
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18 LAWS OP MARYLAND. [CH. 6

SEC. 5. And be it further enacted, That the sum of Five
Thousand Dollars ($5,000), or so much thereof as may be
necessary, 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 out-
lays connected with the issue of the loan hereby authorized,
and for the payment of the advertising directed by this Act,
and all other incidental expenses connected with the execu-
tion 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 paid to the Treasurer of the
State upon the warrant of the Comptroller, and such pro-
ceeds 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 Treasury for a sum equivalent to the
amount expended, as provided for by Section 5 of this Act;
the remainder of the proceeds of the said loan shall be paid
to the Board of Directors of the Maryland School for the
Blind for the construction and equipment of a building or
buildings on its premises for the colored deaf and blind at
said school.

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 di-
rected to levy the State taxes for the year 1950 at one-
seventy-fifth (1/75) of a cent on each One Hundred Dol-
lars ($100) of assessable property; for the year 1951 at
one-thirtieth (1/30) of a cent on each One Hundred Dollars
($100) of assessable property; and for the years 1952 to
1965, inclusive, at one-tenth (1/10) of a cent 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.

SEC. 8. 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
Houses of the General Assembly of Maryland, the same shall
take effect from the date of its passage.

Approved December 17, 1949.

 

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Session Laws, 1949 (Special Session), House and Senate Journals
Volume 576, Page 18   View pdf image (33K)
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