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Amendments to Maryland Constitutions
Volume 380, Page 374   View pdf image (33K)
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CHAPTER 234
(House Bill 231)
AN ACT to propose an amendment to Section 34 of Article III of
the Constitution of Maryland, title "Legislative Department",
to provide for the Board of Public Works to authorize and direct
the State Treasurer to borrow in the name of the State in
anticipation of the collection of taxes, such sums as may be
necessary to meet temporary deficiencies in the treasury, and to
make and sell short term notes for such temporary emergencies
to provide for appropriations already made by the General As-
sembly; and submitting this amendment to the qualified voters
of the State for adoption or rejection.
SECTION 1. Be it enacted by the General Assembly of Maryland
(Three-fifths of all Members elected to each of the two Houses con-
curring), That the following section be and the same is hereby
proposed as an amendment to Section 34 of Article III of the
Constitution of Maryland, title "Legislative Department", the same,
if adopted by the legal and qualified voters of the State as herein
provided, to become Section 34 of Article III of the Constitution of
Maryland:
34. No debt shall be hereafter contracted by the General Assembly
unless such debt shall be authorized by a law providing for the col-
lection of an annual tax or taxes sufficient to pay the interest on
such debt as it falls due, and also to discharge the principal thereof
within fifteen years from the time of contracting the same; and
the taxes laid for this purpose shall not be repealed or applied to
any other object until the said debt and interest thereon shall be
fully discharged. 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
improvement, 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. Mary's, 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


 
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Amendments to Maryland Constitutions
Volume 380, Page 374   View pdf image (33K)
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