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Session Laws, 1959
Volume 642, Page 516   View pdf image (33K)
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516                              Laws of Maryland                      [Ch. 398

for the construction of a science laboratory building on the campus
of Loyola College in the City of Baltimore.

Sec. 6. And be it further enacted, That the payment of any funds
under the provisions of this Act toward the cost of construction of
a science laboratory building on the campus of Loyola College in
Baltimore shall be contingent upon the provision by Loyola College
of at least an equal and matching fund from other sources. The said
College shall have until January 1, 1961, to present evidence satis-
factory to the Board of Public Works that it has raised at least this
equal and matching fund toward the construction of a science labora-
tory building. Upon receiving from the Board of Public Works a
certification of such suitable evidence on or before January 1, 1961,
the Treasurer of the State is hereby authorized, empowered and
directed to proceed to spend the proceeds of said loan agreeably to
the other provisions of this Act. If such satisfactory evidence of the
raising of at least an equal and matching fund is not presented to
the Board of Public Works on or before January 1, 1961, no funds
under the provisions of this Act shall thereafter be paid over to or
expended for the construction of a science laboratory building on the
campus of Loyola College in Baltimore.

Sec. 7. And be it further enacted, That until all of the interest
on and principal of any certificates issued under this Act have
been paid in full, there is hereby levied and imposed an annual State
tax on each $100 of assessable property at the rate to be determined
in the following manner: on or before December 1, 1959, 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 Baltimore City the rate of State tax on each $100 of
assessable property necessary to produce revenues to meet all interest
and principal which will be payable to the close of the next ensuing
calendar year on all certificates theretofore issued or theretofore
authorized by resolution of the Board of Public Works to be issued,
and the governing bodies of each of the Counties and Baltimore City
shall forthwith levy and collect such tax at such rate.

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. 8. And be it further enacted, That this Act shall take effect
June 1, 1959.

Approved April 8, 1959.

CHAPTER 398
                                     (Senate Bill 378)

AN ACT to add new Section 322 to Article 18 of the Code of Public
Local Laws of Maryland (1930 Edition), title "Queen Anne's

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.

 

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Session Laws, 1959
Volume 642, Page 516   View pdf image (33K)
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