1674

LAWS OF MARYLAND

Ch. 608

available to accomplish the construction and
reconstruction contemplated during the first four program
years as said program of construction and reconstruction
is set forth in the document entitled "Road Construction
and Reconstruction in the Proposed Twelve Year Program,"
dated October 27, 1952. Construction funds above
referred to shall consist of the Commission's 505? share
of the Gasoline Tax Fund, the excise tax on certificates
of title to motor vehicles and the federal—aid primary
funds. The above referred to document entitled "Road
Construction and Reconstruction in the Proposed Twelve
Year Program," shall be signed on the front thereof by
the Chairman of the State Roads Commission and shall be
filed with each of the following: The Secretary of the
State of Maryland, the Clerk of the Court of Appeals of
Maryland, the Department of legislative Reference of
Maryland and the secretary of the State Roads Commission
of Maryland. In addition (1) the Commission may
authorize expenditures and may issue seven million
($7,000,000) dollars in bonds to finance the acquisition
of lands and rights-of—way required for the
circumferential highway around Baltimore City, sometimes
referred to as the Baltimore County Beltway, located in
Baltimore County and (2) the Commission may authorize
expenditures and may issue bonds to the extent of
authorizations during any fiscal year of the twelve year
program in an amount not to exceed the sum of one million
five hundred thousand ($1,500,000) dollars for the
construction and/or reconstruction of State highway
system projects of an emergency nature, and projects due
to storm and flood damage and other unforeseen causes, of
channelization made necessary by increased traffic
volumes, and of new installation of traffic lights and
signs, and for engineering and right—of—way acquisitions
for projects included in the twelve year road prog-ram
that are not comprehended in the then current four—year
period in which the Commission is engaged. The total
road mileage of additional construction that may be
authorized under the provisions of the foregoing shall
not be limited or added to the mileage set forth in the
twelve year construction and reconstruction program.
Nothing herein shall be deemed to permit the State Roads
Commission to diminish the sinking fund provision
necessary to pay the principal of and interest on State
highway construction bonds. However, the Commission
shall at no one time issue bonds in an amount greater
than twenty-five million ($25,000,000) dollars and it is
further provided that no bonds shall be issued until the
cash balance in the Commission's Construction Fund is
below twenty-five million ($25,000,000) dollars. Prior
to the end of the first four—year period of the said
twelve year road program, i.e., on or before the 31st day
of January during the 1957 Session of the General
Assembly, the State Roads Commission shall present to the
Governor of the State and to the General Assembly, a
report of the receipts and disbursements under the
program to December 31, 1956. Said report shall also
include a summary of the program progress through