J. MILLARD TAWES, Governor                     1251

of the Annotated Code of Maryland (1957 Edition, as amended).
Upon the ascertainment of such fact by the Board of Public Works,
the Governor shall, by proclamation issued pursuant to resolution of
the Board of Public Works, publicly declare that the State taxes pro-
vided for in this subsection (g) shall not be levied or collected in the
said current year.

Provided further, however, that the levy or levies provided under
this Subsection (g) be made in any year shall be made only in part,
and the said tax or taxes shall be collected only in part, if before
[December] May 1 of the preceding year, or before [December]
May 1 of the succeeding year thereafter, the Board of Public Works
shall ascertain as a fact upon a certified statement rendered to such
Board by the State Comptroller that part but not all of the pay-
ments of principal and interest due and payable in that preceding
year on the bonds or Certificates of Indebtedness issued pursuant
to this section have been paid, or that part but not all of the funds
required to meet all payments of principal and interest due on such
bonds or Certificates of Indebtedness in the said current year have
been received and set aside for that purpose, from the proceeds of
the tax imposed under provisions of the said Section 288 (f) of
Article 81. In such event, and upon the ascertainment of such fact
by the Board of Public Works, the Governor shall by proclamation
issued pursuant to a resolution of the Board of Public Works pub-
licly declare that only so much of the State taxes provided for in
this Subsection (g) shall be levied or collected in the current year as
shall be necessary to make up the amount necessary to meet all
payments of principal and interest due on the said bonds or Certifi-
cates of Indebtedness in the preceding year, after making allowance
for collections in such year from the proceeds of the tax imposed
under provisions of said Section 288 (f) and from any previous levy
of the tax provided for in this Subsection (g), and to meet all pay-
ments of principal and interest due on said bonds or Certificates of
Indebtedness in the current year after making allowance for esti-
mated collections in the current year from the proceeds of the tax
imposed by said Section 288 (f).

Any taxes collected to pay the principal of or interest on said bonds
or Certificates of Indebtedness, as hereinabove in this Subsection
(g) provided, shall be paid over by the State Comptroller, on or
before the 15th day of January of the year following the year in
which such taxes are collected, to the State Treasurer, to be credited
to the Annuity Bond Fund, for the payment of principal of and
interest on such bonds or Certificates of Indebtedness.

Chapter 397 of the Acts of 1959

7.

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] May 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