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commercial property, or any combination thereof, in
Baltimore City, and submitting this amendment to the
qualified voters of the State for adoption or
rejection.
By proposing an amendment to the Constitution of Maryland
Article XI-G - City of Baltimore-Rehabilitation
and Improvement Loans
Section 1 [[and 2]]
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, (Three-fifths of all the members elected to
each of the two Houses concurring), That the following be
and the same is hereby proposed as an amendment to
Section 1 [[and 2]] of Article XI-G - City of Baltimore -
Rehabilitation and Improvement Loans, of the Constitution
of Maryland, the same, if adopted by the legally
qualified voters of the State, as herein provided, to
become a part of the Constitution of Maryland:
Article XI-G - City of Baltimore - Rehabilitation and
Improvement 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
the owners of buildings or structures located within the
boundaries of Baltimore City, which are used or occupied
for residential OR COMMERCIAL purposes, OR ANY
COMBINATION THEREOF, for or in connection with
rehabilitating, RENOVATING, REDEVELOPING; 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 COMBINATION THEREOF, for or in
connection with rehabilitating 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 commitments, pursuant to the
power and authority hereinabove vested in the
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