THEODORE E. MCKELDIN, GOVERNOR 1867

the payment of the expense of engraving, printing and
other outlays connected with the issue of the loan here
authorized, and for the payment of the advertising directed
by this Act, and all other incidental expenses connected
with the execution of its provisions in connection with
said loan.

SEC. 5. And be it further enacted, That the actual cash
proceeds of the sale of the Certificates of Indebtedness to
be issued under this Act shall be paid to the Treasurer of
the State upon the warrant of the Comptroller and such
proceeds shall be used exclusively for the following pur-
poses, to wit:

The Comptroller shall immediately, upon the sale of and
payment for said certificates, first, return to and credit the
Treasury for a sum equivalent to the amount expended as
provided for in Section 4 of this Act; the remainder of the
proceeds of said loan shall be used by the Board of Public
Works for the construction and equipping of a new build-
ing or buildings at St. Mary's Seminary Junior College at
St. Mary's City.

SEC. 6. And be it further enacted, That 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 One Hundred ($100)
of assessable property at the rate to be determined in the
following manner: On or before December 1, 1951, 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 Baltimore City the rate of State
tax on each One Hundred Dollars ($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 is-
sued or theretofore authorized by resolution of the Board
of Public Works to be issued, and the governing bodies of
each of the Counties and Baltimore City shall forthwith
levy and collect such a tax at such rate.

SEC. 7. And be it further enacted, That if the Board
of Public Works is able to make any funds under its con-
trol available for the purpose of constructing and equip-
ping any building or buildings at St. Mary's Seminary
Junior College, then the bonds authorized by this Act need
not be issued.

SEC. 8. And be it further enacted, That this Act shall
take effect June 1, 1951.

Approved April 30, 1951.