MARVIN MANDEL, Governor

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and interest on the bonds issued pursuant to this Act
will be net during the ensuing taxable year from funds
appropriated by the General Assembly, as provided in
Section 6 of this Act, Upon, and to the extent of, such
determination by the Board of Public Works, the Governor
shall, by proclamation issued pursuant to a resolution of
the Board of Public Works, declare that the taxes
required by this section shall not be collected or levied
in any such ensuing taxable year.

SECTION 9. AND BE IT FURTHER ENACTED, That all
matters committed by this Act to the discretion of the
Board of Public Works shall be determined by a majority
of said Board.

SECTION 10. AND BE IT FURTHER ENACTED, That, if any
portion (word, sentence, paragraph, proviso or section)
of this act shall be held invalid for any reason, the
remaining provisions shall remain in full force and
effect, and such invalid portion shall be considered
severed and deleted from this Act.

SECTION 11. AND BE IT FURTHER ENACTED, That this Act
shall take effect June 1, 1975.

Approved April 22, 1975.

CHAPTER 311
(Senate Bill 33 0)

AN ACT concerning

Corporations and Associations

FOR the purpose of adding a new article to the Annotated
Code of Maryland, to be designated and known as the
"Corporations and Associations Article," to revise,
restate, and recodify the laws of this State
relating and pertaining to business, charitable, and
other types of corporations, associations, and other
entities and persons, including matters relating to
the Department of Assessments and Taxation and other
State agencies and the formation, organization,
operation, conduct of affairs, consolidation,
merger, transfer of assets, liquidation,
reorganization, dissolution, and extension,