THEODORE R. MCKELDIN, GOVERNOR                          229

All matters committed by this Act to the discretion of the Board
of Public Works shall be determined by a majority of said Board.

Sec 10. And be it further enacted, That moneys derived from the
sale of Certificates of Indebtedness authorized by this Act shall be
used only for capital improvements and for no other purpose. In
determining whether an expenditure represents a capital improve-
ment the Board of Public Works shall be guided by the principle
that a capital improvement is an improvement, the useful life of
which shall be at least equal to the life of the bonds or Certificates
of Indebtedness by which it is financed.

Sec 11. And be it further enacted, That this Act shall take effect
June 1, 1958.

Approved April 4, 1958—10:30 a.m.

CHAPTER 67
(House Bill 3)

AN ACT to fix the rate of State taxation for the year Nineteen
Hundred and Fifty-Nine (1959) in accordance with the provisions
of Section 33 of Article 81 of the Code of Public General Laws
of the State of Maryland (1957 Edition).

Section 1, Be it enacted by the General Assembly of Maryland,
That the rate of State taxation for the year Nineteen Hundred and
Fifty-Nine (1959) is hereby fixed in the manner following, and the
taxes for each of the State loans herein specified to be used to pay
the installments of principal and interest thereon:

Cents per
$100.00

1959

Post War Construction Loan of 1945............................    0.45

General Construction Loan of 1947................................     1.09

Armory Loan of 1948 ........................................................    0.05

General Construction Loan of 1949................................     1.49

General Public School Assistance Loan of 1949............     1.86

Maryland School for Blind Loan of 1949........................    0.03

General Construction Loan of 1950................................    0.36

Mental Hospital Construction Loan of 1950....................    0.26

General Construction Loan of 1951................................    1.74

Johns Hopkins University Loan of 1951........................    0.09

Civil Defense Loan of 1951................................................    0.14

St. Mary's Seminary Junior College Loan of 1951........    0.05

General Construction Loan of 1952................................    2.13

General Construction Loan of 1953................................    1.34

General Construction Loan of 1954................................    0.75

EXPLANATION: Italics indicate new matter added to existing law.

[Brackets] indicate matter stricken from existing law.
CAPITALS indicate amendments to bill.
Strike out indicates matter stricken out of bill.