162 LAWS OF MARYLAND. [CH. 34

all real property of the Corporation acquired under the pro-
visions of Section 3 of said Chapter 551, or otherwise, shall,
subject to any mortgage or other lien given to secure the
bonds of said Corporation, be taken and vest, in so far as
it may be located in Maryland, only in the name of the State
Roads Commission but free of any cost to the State, and
(d) the rates of tolls and charges upon the bridge over the
Potomac River shall be fixed at, and be limited to, an
amount sufficient to provide for the expenses of operation,
repairs and maintenance of said bridge, for the interest on
and principal of the bonds so purchased, according to their
terms and for such reserves for the security of said bonds
as may be agreed upon in the contract under which the
same shall be issued, provided, however, that if at any time
after the acquisition of said stock the charter of said Cor-
poration shall be so amended as to permit the transfer of
said stock, then this section shall thence forth be without
force or effect; but said stock shall not be transferred until
and unless the transfer thereof shall have been first sanc-
tioned by an Act of the General Assembly of Maryland.

SEC. 14. The bonds and other obligations of George
Washington Memorial Bridge Public Corporation (for-
merely known as George Washington-Wakefield Memorial
Bridge, Inc. ) shall not create or constitute any indebted-
ness or obligation of the State Roads Commission nor of
the State of Maryland, nor of any instrumentality or politi-
cal sub-division thereof, other than said George Washing-
ton Memorial Bridge Public Corporation, either legal,
equitable, moral or otherwise, nor shall such bonds or the
interest thereon be payable out of any funds other than
those of said Corporation, and nothing in this Act contained
shall be construed to authorize said Corporation to incur
any indebtedness on behalf of, or in any way to obligate,
the State.

SECTION 2. Be it further enacted, That Section 7 of
Chapter 551 of the Acts of 1933 of the General Assembly
of Maryland be and it hereby is repealed and re-enacted
with amendments so as to read as follows:

SEC. 7. That a franchise tax is hereby levied annually
upon the gross receipts of said Corporation, its successors
and assigns derived from the tolls and other revenues from
said bridge, such tax being as follows, to wit: 2l/%% of so
much of such gross receipts as shall be in excess of $500, 000
in any one year, and in addition thereto 3~y%% of so much
of such gross receipts as shall be in excess of $500, 000 and
not in excess of $1, 000, 000 for such year, and in addition