858

LAWS OF MARYLAND.

at such rate as shall be from time to time prescribed by the
Mayor and City Council of Baltimore, shall be a lien upon
the property upon which said assessments are made of the
same character and position as the lien for other city taxes.
And for the purpose of providing the money required to pay,
at the time of doing the work, the cost of said grading, pav-
ing and kerbing, so to be assessed on the property binding on

Authority to
issue certifi-
cates of stock
for certain
sum, and man-
ner o) issue.

said streets, lanes and alleys, the Mayor and City Council of
Baltimore be and it is hereby authorized to issue certificates
of stock of the City of Baltimore for a sum not exceeding five
million ($5,000,000) dollars; said stock to be issued from time
to time, as the said Mayor and City Council of Baltimore
shall by ordinance prescribe; provided, however, that not
more than one million ($i,ooo,ooo) dollars shall be issued in
one year; the proceeds of the sale of said stock to be used for
the purpose of providing the money for the purpose aforesaid.
The said stock shall be issued in such amounts, and payable
at such time and times, and shall bear such rate of interest as
the said Mayor and City Council of Baltimore shall provide
by the ordinance hereinafter mentioned; and all of the money
derived from the said assessments, and the interest thereon,
shall be used and applied in such manner and under such
provisions as shall be prescribed by the said ordinance to the
payment of the said certificates of stock hereinbefore men-
tioned, and the interest to accrue thereon; but the said

Shall be sub-
mitted to legal
voters of the
City.

certificates of stock shall not be issued until and unless the
ordinance which the Mayor and City Council of Baltimore is
hereby authorized to pass for the purpose aforesaid, shall be
approved by a majority of the votes of the legal voters of the
City of Baltimore, cast at the time and place to be appointed
by said ordinance in the provision for submitting the same to
the legal voters of said city, as required by Section seven of
Article 2, of the Constitution of Maryland.

SEC. 2. Be it further enacted, That this Act shall take
effect from the date of its passage.

Approved April 7, 1900.

CHAPTER 524.

AN ACT to repeal Section five hundred and thirty-eight of
Article 4 of Public Local Laws, entitled "City of Balti-
more," sub-title "Inspection, Weights and Measures," sub-
division "Coal," as amended and re-enacted by Chapter one