Theodore R. McKeldin, Governor                    995

Interstate System projects that may be authorized under the
Federal-Aid Highway Act of 1956, and providing generally for the
amount of bonds that may be issued to finance the State Roads
Commission Twelve Year Program of Construction and Recon-
struction and setting forth the limitations and conditions under
which, and the purposes for which, said bonds may be issued.

Section 1. Be it enacted by the General Assembly of Maryland,
That Section 162 B-1 of Article 89B of the Annotated Code of Mary-
land, (1956 Supplement), title "State Roads", sub-title "State High-
way Construction Bonds, Second Issue", be and is hereby repealed,
and a new Section 162 B-1 of Article 89B, be and it is hereby enacted
in lieu thereof, said new section to stand in the place and stead of the
section so repealed, and to read as follows:

162 B-1. The Commission may, during the first four program
years of its Twelve Year Road Program, issue from the State High-
way Bond Issue provided for in this sub-title, sufficient bonds to
supplement construction funds available to accomplish the construc-
tion and reconstruction contemplated during the first four program
years as said program of construction and re-construction is set
forth in the document entitled "Road Construction and Reconstruc-
tion in the Proposed Twelve Year Program", dated October 27, 1952.
Construction funds above referred to shall consist of the Commis-
sion's 50% share of the Gasoline Tax Fund, the Excise Tax on Cer-
tificates of Title to Motor Vehicles and the Federal-Aid Primary
Funds. The above referred to document entitled "Road Construction
and Reconstruction in the Proposed Twelve Year Program", shall be
signed on the front thereof by the Chairman of the State Roads
Commission and shall be filed with each of the following: The Secre-
tary of the State of Maryland, the Clerk of the Court of Appeals of
Maryland, the Department of Legislative Reference of Maryland and
the Secretary of the State Roads Commission of Maryland. In addi-
tion (1) the Commission may authorize expenditures and may issue
Seven Million ($7,000,000) Dollars in bonds to finance the acquisition
of lands and rights of way required for the circumferential highway
around Baltimore City, sometimes referred to as the Baltimore
County Beltway, located in Baltimore County and (2) the Commis-
sion may authorize expenditures and may issue bonds to the extent of
authorizations during any fiscal year of the Twelve Year Program in
an amount not to exceed the sum of One Million Five Hundred
Thousand ($1,500,000) Dollars for the construction and /or recon-
struction of State Highway System projects of an emergency nature,
and projects due to storm and flood damage and other unforeseen
causes, of channelization made necessary by increased traffic volumes,
and of new installation of traffic lights and signs, and for engineering
and right of way acquisitions for projects included in the Twelve
Year Road Program that are not comprehended in the then current
four year period in which the Commission is engaged. The total road
mileage of additional construction that may be authorized under
the provisions of the foregoing shall not be limited or added to the
mileage set forth in the Twelve Year Construction and Reconstruc-
tion Program. Nothing herein shall be deemed to permit the State
Roads Commission to diminish the sinking fund provision necessary
to pay the principal of and interest on State Highway Construction
Bonds. However, the Commission shall at no one time issue bonds
in an amount greater than Twenty-Five Million ($25,000,000) Dol-