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Session Laws, 1965
Volume 676, Page 1246   View pdf image (33K)
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1246                              LAWS OF MARYLAND                       [CH. 793

Motor Vehicles provided in Section 303 of Article 66½ of the Anno-
tated Code of Maryland (1956 Supplement), as amended, and the
cost of debt service for bonds issued for these purposes shall not be
included by the Board of Public Works in determining the tax rate
under the provisions of this Section unless the revenues from the
fines and other receipts of said Department of Motor Vehicles be
insufficient to provide necessary funds to pay the principal and in-
terest on such bonds.

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

Chapter 741 of the Acts of 1957
6.

Until all of the interest on and principals of any Certificates issued
under this Act have been paid in full, there is hereby levied and im-
posed an annual State tax on each One Hundred Dollars ($100.00)
of assessable property at the rate to be determined in the following
manner: On or before December 1, 1957, and on or before [Decem-
ber] May 1st of 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 ($100.00) of assessable property necessary to produce revenue
to meet all interest and principal which will be payable to the close
of the next ensuing [calendar] taxable year on all Certificates there-
tofore 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
a tax at such a 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.

Chapter 845 of the Acts of 1957, which Act
amended Chapter 662 of the Acts of 1955

15 A.

Notwithstanding any provision of this Act to the effect that the
principal of and interest on bonds issued by The New Marsh Whole-
sale Produce Market Authority shall be payable solely out of reve-
nues of said Authority and that the bonds issued under the provisions
of this Act shall be "revenue bonds" and shall not be deemed to con-
stitute a debt of the State of Maryland or any of its political sub-
divisions, or a pledge of the faith and credit of the State of Maryland,
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 sub-
divisions 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 deter-
mined in the following manner: On or before December 1, 1957, and
on or before [December] May 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

 

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Session Laws, 1965
Volume 676, Page 1246   View pdf image (33K)
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