J. MILLARD TAWES, Governor                     1257

proclamation issued pursuant to resolution of the Board of Public
Works, publicly declare that the State taxes provided for in this
subsection shall not be levied or collected in the said current year.

Provided further, however, that the levy or levies provided under
this subsection to 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 any 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 payments
of principal and interest due and payable in that preceding year on
the bonds or certificates of indebtedness issued pursuant to this sec-
tion 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 re-
ceived and set aside for that purpose, from the proceeds of the tax
imposed under provisions of the said Section 288 (f) of Article 81,
or from the payments into the Annuity Bond Fund by the Maryland
Port Authority required by Subsection (g) hereof. 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 reso-
lution of the Board of Public Works publicly declare that only so
much of the State taxes provided for in this subsection 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 certificates 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
and after making allowance for payments into the Annuity Bond
Fund by the Maryland Port Authority required by Subsection (g)
hereof, and to meet all payments of principal and interest due on
said bonds or certificates of indebtedness in the current year after
making allowance for estimated collections in the current year from
the proceeds of the tax imposed by said Section 288 (f), and after
making allowance for payments into the Annuity Bond Fund by the
Maryland Port Authority required by Subsection (g) hereof.

Any taxes collected to pay the principal of or interest on said
bonds or certificates of indebtedness, as hereinabove in this sub-
section 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 17 of the Acts of 1962
6.

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 im-
posed 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, 1962, 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