838/Maryland Manual
purposes, or any combination thereof, for or in
connection with rehabilitating, renovating, rede-
veloping; or improving said buildings or
structures.
(b) To guarantee or insure financial loans made
by third parties to the owners of buildings or
structures located within the boundary lines of
Baltimore City, which are used or occupied for
residential or commercial purposes, or any combi-
nation thereof, for or in connection with rehabili-
tating, renovating, redeveloping or improving said
buildings or structures.
(c) Any and all financial loans made by the
Mayor and City Council of Baltimore; any and
all guarantees or insurance commitments made
by the Mayor and City Council of Baltimore in
connection with any of said loans, and any and
all money used or expended by the Mayor and
City Council of Baltimore in connection with
said loans, guarantees, or insurance commit-
ments, pursuant to the power and authority
hereinabove vested in the municipality, and any
and all acts performed by the Mayor and City
Council of Baltimore in connection with any
powers which may be granted to the Mayor and
City Council of Baltimore pursuant to this Arti-
cle, are all hereby declared to be needed, con-
tracted for, expended or exercised for a public
use.
(d) In the event of any conflict between the
provisions of this Article and those of Article
XI, Section 7, of the Constitution of Maryland,
or any other provisions of said Constitution,
then the provisions of this Article shall control.
2. The General Assembly of Maryland may
grant to the Mayor and City Council of
Baltimore any and all additional power and au-
thority necessary or proper to carry into full force
and effect any and all of the specific powers
which the General Assembly is authorized to
grant to the Mayor and City Council of
Baltimore pursuant to this Article, and to fully
accomplish any and all of the purposes and
objects contemplated by the provisions of this
Article, provided such additional power or au-
thority is not inconsistent with the terms and
provisions of this Article or with any other provi-
sion or provisions of the Constitution of Mary-
land, except as provided in this Article. The Gen-
eral Assembly may place such other and further
restrictions or limitations on the exercise of any
of the powers which it may grant to the Mayor
and City Council of Baltimore under the
provisions of this Article as it may deem proper
and expedient. |
Article XI-G
ARTICLE XI-H'^
CITY OF BALTIMORE — RESIDENTIAL
FINANCING LOANS.
1. "The General Assembly of Maryland, by
public local law, may authorize the Mayor and
City Council of Baltimore:
(a) To make or contract to make financial
loans to any person or other legal entity to be
used for or in connection with the purchase, ac-
quisition, construction, erection or development
of buildings or structures, including any land nec-
essary therefor, within the boundaries of
Baltimore City, which buildings or structures are
to be used or occupied for residential purposes.
(b) To guarantee or insure financial loans made
by third parties to any person or other legal entity
which are to be used for or in connection with the
purchase, acquisition, construction, erection or de-
velopment of buildings or structures, including any
land necessary therefor, within the boundaries of
Baltimore City, which buildings or structures are
to be used or occupied for residential purposes.
(c) Any and all financial loans made by the
Mayor and City Council of Baltimore; any and
all guarantees or insurance commitments made by
the Mayor and City Council of Baltimore in con-
nection with any of the loans; and any and all
money used or expended by the Mayor and City
Council of Baltimore in connection with the
loans, guarantees, or insurance commitments,
pursuant to the power and authority hereinabove
vested in the municipality, and any and all acts
performed by the Mayor and City Council of
Baltimore in connection with any powers which
may be granted to the Mayor and City Council
of Baltimore pursuant to this Article, are all de-
clared to be needed, contracted for, expended or
exercised for a public use.
(d) In the event of any conflict between the
provisions of this Article and those of Article XI,
Section 7, of the Constitution of Maryland, or
any other provisions of the Constitution, then the
provisions of this Article shall control.
2. The General Assembly of Maryland may
grant to the Mayor and City Council of
Baltimore any and all additional power and au-
thority necessary or proper to carry into full force
and effect any and all of the specific powers
which the General Assembly of Maryland is au-
thorized to grant to the Mayor and City Council
'"Added by Chapter 888, Acts of 1974, ratified November 5,
1974. |