ALBERT C. RITCHIE, GOVERNOR. 283
CHAPTER 93.

AN ACT to repeal and re-enact with amendments Section
73 of Article 89B of the Code of Public General Laws of
Maryland, Chapter 463 of the Acts of the General As-
sembly of Maryland, at its regular 1933 Session, title
"State Roads" so as to provide that certain promissory
notes, bonds or other evidences of indebtedness provided
for in said Chapter shall mature serially within fifteen
years from their respective dates of issue; to provide for
an annual tax consisting of such part of the license fees
and franchise taxes with respect to trucks and commer-
cial vehicles required to be paid by Article 56 of the Code
of Public General Laws of Maryland as shall be
necessary to pay the interest and principal of said
obligations as they fall due, to provide that such annual
tax shall not be repealed, diminished or applied to any
other object until said indebtedness and interest thereon
shall have been fully discharged, and to provide for the
creation of a reserve fund.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That Section 73 of Article 89B of the Code of
Public General Laws of Maryland as enacted by Chapter
463 of the Acts of the General Assembly of Maryland at
its regular 1933 Session, title "State Roads", be and the
same is hereby repealed and re-enacted with amendments so
as to read as follows:

73. Such promissory notes, bonds or other evidences of
indebtedness shall mature serially in not less than fourteen
annual installments within fifteen years from their respec-
tive date or dates of issue, and there shall be laid and col-
lected an annual tax sufficient to pay the interest thereon
and principal thereof as it falls due. Such annual tax shall
consist of such part of the license fees and franchise taxes
with respect to trucks and commercial vehicles required to
be paid by Article 56 of the Code of Public General Laws
of Maryland as shall be necessary to pay such interest and
principal as it falls due and to provide for the creation and
maintenance of a reserve fund of not less than two hundred
twenty thousand dollars, such reserve fund to be kept sep-
arate from other funds of the State and to be used for the
payment of such interest and principal in the event that
the funds otherwise provided herein shall prove unavailable
or insufficient. Such annual tax shall amount to not less
than three hundred eighty thousand dollars per annum and