HARRY W. NICE, GOVERNOR. 171

Works. In case any balance remains to the credit of any
of the above named institutions or departments after the
completion of any of the purposes specified, then such in-
stitutions or departments may expend such balance upon
any building, construction or equipment purpose which
may be approved by the Board of Public Works.

SEC. 8. And be it further enacted, That there shall be
levied and collected an annual tax sufficient to pay the prin-
cipal of and interest on the Certificates issued pursuant to
the provisions of this Act, as the same shall fall due, and
said tax shall consist of such part of the inheritance tax
at the rate of 1% on direct inheritances and 7 1/2% on
collateral inheritances, required to be paid by Sections
104-A and 105 of Article 81 of the Code of Public General
Laws of Maryland, as enacted by Chapter ———— of the
Acts of the General Assembly of Maryland of 1935, as shall
be necessary to pay such interest and principal as it falls
due and to provide a reserve fund of not less than five hun-
dred thousand dollars ($500,000.00) such reserve fund to
be used for the payment of such interest and principal in
the event that the funds otherwise provided for herein shall
prove to be insufficient. The Board of Public Works shall
have authority to invest said reserve fund in general obliga-
tions of the State of Maryland and to sell the same when-
ever it shall be deemed necessary or advisable.

SEC. 9. And be it further enacted, That the County
Commissioners of the several counties of the State and the
Mayor and City Council of Baltimore are hereby respec-
tively directed to levy the State taxes for the year 1936, at
one and one-quarter cents (l 1/4c) on each one hundred dol-
lars ($100) of assessable property; for the year 1937, at
one and one-half cents (l 1/2c) on each one hundred dollars
($100) of assessable property; for the year 1938, at three
and three-quarters cents (3 3/4c) on each one hundred dol-
lars ($100) of assessable property, and for the year 1939,
and annually thereafter, to and including the year 1952, at
four and one-quarter cents (4 1/4c) on each one hundred
dollars ($100) of assessable property, to be collected ac-
cording 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, re-
spectively, as herein specified in Section 2 of this Act;
provided, however, that the levy or levies provided for in
this Section shall not be made, and the said tax or taxes