THEODORE R. MCKELDIN, GOVERNOR 1323
in said sinking fund a sum equal to the amount required
to pay the principal of and the interest on such of said
bonds as shall be then outstanding, which will become pay-
able in the current and the next succeeding fiscal years.
IN THE CURRENT FISCAL YEAR AND IN THE
NEXT SUCCEEDING FISCAL YEAR. Said proceeds
are hereby irrevocably pledged to the payment of the
principal of and interest on the bonds issued pursuant
to the authority of Section 162A of this sub-title, as the
same shall become due and payable, and such taxes, to
the extent hereby required, shall not be repealed, dimin-
ished or applied to any other object until such bonds
and the interest thereon shall be fully paid or until ade-
quate and complete provision for such payment shall have
been made.
162F. The Commission shall so keep its accounts relating
to the" bonds authorized by Section 162A and to the funds
derived from the sale of said bonds as to make readily ob-
tainable information on the items listed in Section 161 of
this Article.
162G. IN ADDITION TO, BUT AS A SEPARATE
PART OF THE FOREGOING AUTHORIZATION, THE
COMMISSION, WHEN NOTIFIED BY ANY COUNTY
OF THE STATE AS HEREINAFTER PROVIDED, IS
HEREBY AUTHORIZED AND DIRECTED TO BOR-
ROW MONEY FROM TIME TO TIME AS HEREIN-
AFTER LIMITED, AND TO EVIDENCE SUCH
BORROWING BY THE ISSUE OF ITS BONDS, IN
FORM AND TENOR SUBSTANTIALLY AS PRO-
VIDED IN SECTION 162B OF THIS SUB-TITLE,
AND TO DISBURSE THE PROCEEDS OF SAID
BORROWING, AND PAY THE PRINCIPAL AND
INTEREST OF SAID BONDS, AS HEREINAFTER PRO-
VIDED. THE AUTHORITY HEREBY GRANTED IS
SUCH THAT AT NO TIME SHALL THERE BE OUT-
STANDING BONDS ISSUED UNDER THIS SECTION
IN EXCESS OF THE FACE AMOUNT OF FIFTY
MILLION DOLLARS ($50, 000, 000), BUT SUCH LIMI-
TATION SHALL NOT BE CONSTRUED TO MEAN
THAT THE TOTAL PRINCIPAL AMOUNT OF BONDS
WHICH MAY BE ISSUED PURSUANT TO THIS SEC-
TION DURING THE PERIOD SPECIFIED IN SECTION
162A OF THIS SUB-TITLE MAY NOT EXCEED SAID
SUM.
IN ORDER TO ENABLE THE SEVERAL COUNTIES
OF THE STATE TO CONDUCT PROGRAMS OF CON-
|