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Amendments to Maryland Constitutions
Volume 380, Page 504   View pdf image (33K)
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[View page image to see text stricken out of bill]

THE CREDIT OF THE
STATE SHALL NOT IN ANY MANNER BE GIVEN, OR
LOANED TO, OR IN AID OF ANY INDIVIDUAL ASSOCIATION
OR CORPORATION; NOR SHALL THE GENERAL ASSEMBLY
HAVE THE POWER IN ANY MODE TO INVOLVE THE STATE
IN THE CONSTRUCTION OF WORKS OF INTERNAL IM-
PROVEMENT, NOR IN GRANTING ANY AID THERETO
WHICH SHALL INVOLVE THE FAITH OR CREDIT OF THE
STATE; NOR MAKE ANY APPROPRIATION THEREFOR,
EXCEPT IN AID OF THE CONSTRUCTION OF WORKS OF
INTERNAL IMPROVEMENT IN THE COUNTIES OF ST.
MARTS, CHARLES AND CALVERT, WHICH HAVE HAD NO
DIRECT ADVANTAGE FROM SUCH WORKS AS HAVE BEEN
HERETOFORE AIDED BY THE STATE; AND PROVIDED
THAT SUCH AID, ADVANCES OR APPROPRIATIONS SHALL
NOT EXCEED IN THE AGGREGATE THE SUM OF FIVE
HUNDRED THOUSAND DOLLARS. AND THEY SHALL NOT
USE OR APPROPRIATE THE PROCEEDS OF THE INTERNAL
IMPROVEMENT COMPANIES, OR OF THE STATE TAX, NOW
LEVIED, OR WHICH MAY HEREAFTER BE LEVIED, TO
PAY OFF THE PUBLIC DEBT OR TO ANY OTHER PURPOSE
UNTIL THE INTEREST AND DEBT ARE FULLY PAID OR
THE SINKING FUND SHALL BE EQUAL TO THE AMOUNT
OF THE OUTSTANDING DEBT; BUT THE GENERAL AS-
SEMBLY MAY AUTHORIZE THE BOARD OF PUBLIC WORKS
TO DIRECT THE STATE TREASURER TO BORROW IN THE
NAME OF THE STATE, IN ANTICIPATION OF THE COLLEC-
TION OF TAXES, SUCH SUM OR SUMS AS MAY BE NECES-
SARY TO MEET TEMPORARY DEFICIENCIES IN THE
TREASURY, TO PRESERVE THE BEST INTEREST OF THE
STATE IN THE CONDUCT OF THE VARIOUS STATE INSTI-
TUTIONS, DEPARTMENTS, BUREAUS, AND AGENCIES DUR-
ING EACH FISCAL YEAR. SUBJECT TO THE APPROVAL OF
THE BOARD OF PUBLIC WORKS AND AS PROVIDED BY
LAW, THE STATE TREASURER IS AUTHORIZED TO MAKE
AND SELL SHORT-TERM NOTES FOR TEMPORARY EMER-
GENCIES, BUT SUCH NOTES MUST ONLY BE MADE TO
PROVIDE FOR APPROPRIATIONS ALREADY MADE BY THE
GENERAL ASSEMBLY. THE GENERAL ASSEMBLY MAY
CONTRACT DEBTS TO ANY AMOUNT THAT MAY BE NECES-
SARY FOR THE DEFENSE OF THE STATE, AND PROVIDED
FURTHER THAT NOTHING IN THIS SECTION SHALL BE
CONSTRUED TO PROHIBIT THE RAISING OF FUNDS FOR
THE PURPOSE OF AIDING OR COMPENSATING IN SUCH
MANNER OR WAY AS THE GENERAL ASSEMBLY OF THE
STATE SHALL DEEM PROPER, THOSE CITIZENS OF THE
STATE WHO HAVE SERVED, WITH HONOR, THEIR COUNTRY
AND STATE IN TIME OF WAR; PROVIDED, HOWEVER, THAT
SUCH ACTION OF THE GENERAL ASSEMBLY SHALL BE
EFFECTIVE ONLY WHEN SUBMITTED TO AND APPROVED
BY A VOTE OF THE PEOPLE OF THE STATE AT THE GEN-
ERAL ELECTION NEXT FOLLOWING THE ENACTMENT OF
SUCH LEGISLATION.
SEC. 2. And be it further enacted, That the aforegoing sections
hereby proposed as amendments to the Constitution of Maryland,
at the next general election to be held in this State in November


 
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Amendments to Maryland Constitutions
Volume 380, Page 504   View pdf image (33K)
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