698/Maryland Manual

ARTICLE XI-G¹⁷⁶

CITY OF BALTIMORE REHABILITATION AND
IMPROVEMENT LOANS.

I.¹⁷⁷ 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 redevel-
opment or improvement of buildings or structures lo-
cated 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 to be
used for or in connection with the rehabilitation, reno-
vation or improvement of buildings or structures locat-
ed within the boundaries of Baltimore City, which
buildings or structures are to be used or occupied for
residential purposes.

(c) 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 or acquisition of leasehold
or fee simple interests in buildings or structures, and for
construction, reconstruction, erection, development, re-
habilitation, renovation, redevelopment or improvement
of buildings or structures, located within the boundaries
of Baltimore City, which buildings or structures are to
be used or occupied for commercial purposes.

(d) To guarantee or insure financial loans made by
third parties to any person or other legal entity to be
used for or in connection with the purchase or acquisi-
tion of leasehold or fee simple interests in buildings or
structures, and for construction, reconstruction, erec-
tion, development, rehabilitation, renovation, redevelop-
ment or improvement of buildings or structures, located
within the boundaries of Baltimore City, which build-
ings or structures are to be used or occupied for com-
mercial purposes.

(e) 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 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 hereby declared to be needed, contracted for,
expended or exercised for a public use.

(f) In the event of any conflict between the provisions
of this Article and those of Article XI, Section 7, of the

Article XI-G

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 authority necessary or proper to
carry into full force and effect any and all of the specif-
ic powers which the General Assembly is authorized to
grant to the Mayor and City Council of Baltimore pur-
suant 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 authority is not inconsistent with the terms
and provisions of this Article or with any other provi-
sion or provisions of the Constitution of Maryland, ex-
cept as provided in this Article. The General Assembly
may place such other and further restrictions or limita-
tions on the exercise of any of the powers which it may
grant to the Mayor and City Council of Baltimore un-
der the provisions of this Article as it may deem proper
and expedient.

ARTICLE XI-H¹⁷⁸

CITY OF BALTIMORE—RESIDENTIAL
FINANCING LOANS.

1. The General Assembly of Maryland, by public lo-
cal 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, acquisition, construction,
erection or development of buildings or structures, in-
cluding any land necessary therefor, within the bound-
aries 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 development 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 connection 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 declared to be needed, contracted for, expended
or exercised for a public use.