998                               Laws of Maryland                       [Ch. 604

per centum (5%) of the principal amount thereof. In addition to the
foregoing [(a)] the authority conferred by Section 162A of this sub-
title is subject to the express limitation that at no time shall the
aggregate principal amount of bonds issued under Section 162A of
this sub-title, and outstanding and unpaid, plus the aggregate princi-
pal amount of bonds issued under Section 155 of this Article, and out-
standing and unpaid, together exceed the sum of Three Hundred Mil-
lion ($300,000,000) Dollars, but this limitation shall not be construed
to mean that the total principal amount of bonds which may be issued
pursuant to said Sections 155 and 162A during the period specified
in said latter section may not exceed said sum, which total principal
amount of bonds for State Roads Commission purposes under Sec-
tion 162A shall be limited to Three Hundred and Thirty Million
($330,000,000) Dollars. If actual construction fund revenues exceed
those as estimated in the document entitled "Proposed Twelve Year
Program for Road Construction and Reconstruction 1954-1965,"
dated October 27, 1952, the aforementioned limit of bond authoriza-
tion shall be reduced when and to the extent that the amount of the
increase exceeds the excess of the amount of authorized or actual cost
of projects constructed or under construction over the estimated cost
of such projects in the said Proposed Twelve Year Program for Road
Construction and Reconstruction, [and (b)] The authority to issue
bonds conferred by Section 155 of this Article is subject to the ex-
press limitation that said authority shall cease and terminate as soon
as any bonds are issued by the Commission pursuant to said Section
162A, so that upon the issuance of said bonds no additional bonds
may be issued pursuant to the authority of said Section 155. For the
purposes of these limitations, the phrase "outstanding and unpaid"
shall not be deemed to include bonds of the issues above described,
purchased by the Commission and held by or for it in the sinking
funds provided for in Sections 160 and 162D of this Article, nor to
matured or redeemed bonds of said issues for the full payment of
which provision has been made in accordance with their terms.

Sec. 2. And be it further enacted, That this Act shall take effect
June 1, 1957.

Approved April 10, 1957.

CHAPTER 604
(House Bill 502)

AN ACT to repeal and re-enact, with amendments, Section 422 of
the Charter and Public Local Laws of Baltimore City (1949
Edition), being Article 4 of the Code of Public Local Laws of
Maryland (1930 Edition), title "Baltimore City", sub-title "Jus-
tices of the Peace and Constables", as said section was amended by
Chapter 732 of the Acts of 1953, relating to the compensation of

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.