1596                                Laws of Maryland                         [Ch. 845

TION OR SUCH TRUST INDENTURE, IN A SINKING FUND
WHICH IS HEREBY PLEDGED TO, AND CHARGED WITH
THE PAYMENT OF (1) THE INTEREST UPON SUCH BONDS
AS SUCH INTEREST SHALL FALL DUE, (2) THE PRINCIPAL
OF THE BONDS AS THE SAME SHALL FALL DUE, (3) THE
NECESSARY FISCAL AGENCY CHARGES FOR PAYING PRIN-
CIPAL AND INTEREST, AND (4) ANY PREMIUM UPON
BONDS RETIRED BY CALL OR PURCHASE AS HEREIN PRO-
VIDED. THE USE AND DISPOSITION OF SUCH SINKING
FUND SHALL BE SUBJECT TO SUCH REGULATIONS AS MAY
BE PROVIDED IN THE RESOLUTION AUTHORIZING THE
ISSUANCE OF BONDS, OR IN THE TRUST INDENTURE, BUT,
EXCEPT AS MAY OTHERWISE BE PROVIDED IN SUCH
RESOLUTION OR TRUST INDENTURE, SUCH SINKING FUND
SHALL BE A FUND FOR THE BENEFIT OF ALL BONDS
WITHOUT DISTINCTION OR PRIORITY OF ONE OVER
ANOTHER. SUBJECT TO THE PROVISIONS OF THE RESOLU-
TION AUTHORIZING THE ISSUANCE OF BONDS OR OF THE
TRUST INDENTURE, ANY MONEYS IN SUCH SINKING FUND
IN EXCESS OF AN AMOUNT EQUAL TO ONE YEAR'S INTER-
EST ON ALL BONDS THEN OUTSTANDING MAY BE APPLIED
TO THE PURCHASE OR REDEMPTION OF BONDS. ALL
BONDS SO PURCHASED OR REDEEMED SHALL FORTHWITH
BE CANCELLED.

14A. The Governor is hereby authorized and directed to include
in the State Construction Bond Bill for 1958 the sum of Forty-five
Thousand Dollars ($45,000.00) for use of said Authority. The money
so appropriated shall be used by the said Authority for the purpose
of organizing said Authority and paying any and all costs and ex-
penses incurred by said Authority in carrying out its corporate pur-
poses, prior to the sale of the first issue of revenue bonds; the said
sum of money hereby advanced to be repaid to the State of Maryland
from funds obtained from the sale of said first issue of revenue bonds
prior to any other payments from said funds.

15A. Notwithstanding any provision of this Act to the effect that
the principal of and interest on bonds issued by The New Marsh
Wholesale Produce Market Authority shall be payable solely out of
revenues of said Authority and that the bonds issued under the pro-
visions of this Act shall be "revenue bonds" and shall not be deemed
to constitute a debt of the State of Maryland or any of its political
subdivisions, or a pledge of the faith and credit of the State of Mary-
land, or any of its political subdivisions, or that the issuance of said
bonds shall not obligate the State of Maryland or any of its political
subdivisions to levy or to pledge any form of taxation therefor or to
make any appropriation for their payment, until all of the interest
on and principal of any bonds issued under this Act have been paid
in full, there is hereby levied and imposed an annual State tax on each
one hundred dollars of assessable property at a rate to be determined
in the following manner: On or before December 1, 1957, 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 of Baltimore City the rate of State tax on each one
hundred dollars of assessable property necessary to produce revenue
to meet all interest and principal, if any, which will be payable to
the close of the next ensuing calendar year on all bonds theretofore