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Session Laws, 1935
Volume 579, Page 165   View pdf image (33K)
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HARRY W. NICE, GOVERNOR. 165

immediate preservation of the public health and safety,
and being passed upon a yea and nay vote, supported 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 date of its passage.

Approved March 16, 1935.

CHAPTER 91.

AN ACT to authorize the creation of a State debt in the
aggregate amount of Eight Million, Five Hundred
Thousand Dollars ($8,500,000.00), the proceeds thereof
to be used for the following purposes; for the pay-
ment of appropriations heretofore made by the
General Assembly, by absorbing the prospective
deficit in the General Treasury for the fiscal year ending
September 30th, 1935; to provide additional working capi-
tal in the General Treasury; to provide additional funds
for the annuity bond account; to provide funds for use
in the restoration of salary reductions, omissions and re-
ductions in personnel and for maintenance and operating
expenses, in the Supplemental Budget, or to be expended
for the same purpose by the Board of Public Works, as
the Governor may direct; for certain necessary building,
construction and equipment purposes of the State; to
provide an emergency contingent fund for the fiscal
years 1936 and 1937; to supply funds to the General
Treasury in lieu of the gasoline tax funds restored to the
State Roads Commission in the Supplemental Budget for
the fiscal years 1936 and 1937; and to provide generally
for the issue and sale of Certificates of Indebtedness evi-
dencing such loan.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That the Board of Public Works is hereby au-
thorized and directed to issue a State loan, to be known as
the "Emergency Bond Issue of 1935," in the aggregate sum
of Eight Million, Five Hundred Thousand Dollars ($8,500,-
000.00); Five Million, Five Hundred Thousand Dollars
($5,500,000.00) of said loan shall be dated the 15th day of
April, 1935; One Million, Five Hundred Thousand Dollars
($1,500,000.00) of said loan shall be dated the 15th day of
October, 1935, and the remaining One Million, Five Hundred
Thousand Dollars ($1,500,000.00) of said loan shall be

 

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Session Laws, 1935
Volume 579, Page 165   View pdf image (33K)
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