340 LAWS OF MARYLAND [CH. 53

be and it is hereby enacted in lieu thereof, said new Sec-
tion to be known as Section 7, and to read as follows:

SEC. 7. And be it further enacted, That on or before the

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UNTIL ALL OF THE INTEREST ON AND PRINCIPAL
OF ANY CERTIFICATES ISSUED UNDER THIS ACT
HAVE BEEN PAID IN FULL, THERE IS HEREBY
LEVIED AND IMPOSED AN ANNUAL STATE TAX
ON EACH $100 OF ASSESSABLE PROPERTY AT THE
EATE TO BE DETERMINED IN THE FOLLOWING
MANNER: ON OR BEFORE DECEMBER 1, 1950, AND
ON OR BEFORE DECEMBER 1 IN EACH CALENDAR
YEAR THEREAFTER, THE BOARD OF PUBLIC
WORKS SHALL CERTIFY TO THE GOVERNING
BODIES OF EACH OF THE COUNTIES AND BALTI-
MORE CITY THE EATE OF STATE TAX ON EACH
$100 OF ASSESSABLE PROPERTY NECESSARY TO
PRODUCE REVENUE TO MEET ALL INTEREST AND
PRINCIPAL WHICH WILL BE PAYABLE TO THE
CLOSE OF THE NEXT ENSUING CALENDAR YEAR
ON ALL CERTIFICATES THERETOFORE ISSUED OR
THERETOFORE AUTHORIZED BY RESOLUTION OF
THE BOARD OF PUBLIC WORKS TO BE ISSUED,
AND THE GOVERNING BODIES OF EACH OF THE