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Session Laws, 1902 Session
Volume 476, Page 987   View pdf image (33K)
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JOHN WALTER SMITH, ESQ., GOVERNOR.

CHAPTER 1.
AN ACT to repeal and re-enact with amendments; Section
22 of Article 81 of the Code of Public General Laws,
title "Revenue and Taxes," sub-title "Rate and Items of
State Tax," as said Section was amended by the Acts of
1900, chapter 500.

987

WHEREAS, A new State loan is about to be issued for the
erection of an annex to the State House and for the improve-
ment to sundry State institutions ; and

WHEREAS, It becomes necessary to readjust the State tax
rate to meet the interest and provide a sinking fund for said
contemplated loan, and also to meet the interest and provide
for the sinking funds upon the present outstanding loans of
the State ; now, therefore,

Preamble,

SECTION 1. Be it enacted by the General Assembly of
Maryland, That section 22 of Article 81 of the Code of
Public General Laws, title "Revenue and Taxes," sub-title,
"Rate and Items of State Tax," as said section was amended
by the Act of 1900, chapter 500, be and the same is hereby
repealed and re-enacted, so as to read as follows :


Repeal
and re-enact.

22. The County Commissioners of the several counties of
this State and the Mayor and City Council of Baltimore are
directed to levy the State taxes to be collected according to
law, and to be apportioned as follows : A tax of ten and
one-half cents on each one hundred dollars to aid in support
of the public schools to be distributed according to law among
the several counties and city of Baltimore ; a tax of one
and three-fourths of one cent on each one hundred dollars to
defray the cost of supplying books for the use of the children
in the public schools of this State ; a tax of one-half of one
cent on each one hundred dollars to meet the interest and
create a sinking fund for the redemption of the Penitentiary
Loan ; a tax of one-eighth of one-cent on each one hundred
dollars to meet the interest and create a sinking fund for the
redemption of the Insane Asylum Loan ; a tax of one-half of
one cent on each one hundred dollars to meet the interest and
create a sinking fund for the State Building and Improvement
Loan ; a tax of two and seven-eighths cents on each one hun-
dred dollars to meet the interest and create a sinking fund for
the redemption of the Consolidated Loan of 1899 ; and a tax of
three-fourths of one cent on each one hundred dollars to meet
the interest and create a sinking fund for the redemption of a
new loan now about to be issued, to be known as "The State
Loan of 1902," making an aggregate of seventeen cents on

Taxes to be
levied.



 
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Session Laws, 1902 Session
Volume 476, Page 987   View pdf image (33K)
 Jump to  
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