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credit (be) IS authorized by [an Act of the General Assembly
of Maryland, and by] an ordinance of the Mayor and City
Council of Baltimore, submitted to the legal voters of the
City of Baltimore, at such time and place as may be fixed by
[said] THE ordinance, and approved by a majority of the
votes cast at [such] THAT time and place[; such]. AN
ORDINANCE FOR THE AUTHORIZATION OF DEBT OR CREDIT AS
AFORESAID MAY NOT BE SUBMITTED TO THE LEGAL VOTERS OF
BALTIMORE CITY UNLESS THE PROPOSED CREATION OF DEBT OR
EXTENSION OF CREDIT IS EITHER (1) PRESENTED TO AND APPROVED
BY A MAJORITY OF THE MEMBERS OF THE GENERAL ASSEMBLY
REPRESENTING BALTIMORE CITY NO LATER THAN THE 30TH DAY OF
THE REGULAR SESSION OF THE GENERAL ASSEMBLY IMMEDIATELY
PRECEDING ITS SUBMISSION TO THE VOTERS, OR (2) AUTHORIZED BY
AN ACT OF THE GENERAL ASSEMBLY. THE ordinance shall provide
for the discharge of any such debt or credit within the
period of [forty (40)] 40 years from the time of contracting
the same[; but the). THE Mayor and City Council may,
temporarily, borrow any amount of money to meet any
deficiency in the City treasury/ and may borrow any amount
at any time to provide for any emergency arising from the
necessity of maintaining the police, or preserving the
health, safety and sanitary condition of the city, and may
make due and proper arrangements and agreements for the
renewal and extension, in whole or in part, of any and all
debts and obligations created according to law before the
adoption of this Constitution.
THE GENERAL ASSEMBLY MAY, FROM TIME TO TIME, FIX A
LIMIT UPON THE AGGREGATE AMOUNT OF BONDS AND OTHER EVIDENCES
OF INDEBTEDNESS OF THE CITY OUTSTANDING AT ANY ONE TIME TO
THE SAME EXTENT AS IT FIXES SUCH A LIMIT UPON THE
INDEBTEDNESS OF THE CHARTERED COUNTIES.
SECTION 2. AND BE IT FURTHER ENACTED, That the General
Assembly determines that the amendment to the Constitution
of Maryland proposed by this Act affects the City of
Baltimore and that the provisions of Article XIV, Section 1
of the Constitution concerning local approval of
constitutional amendments apply.
SECTION 3. AND BE IT FURTHER ENACTED, That the
aforegoing section proposed as an amendment to the
Constitution of Maryland shall be submitted to the legal and
qualified voters of this State at the next general election
to be held in November, 1982 for their adoption or rejection
in pursuance of directions contained in Article XIV of the
Constitution of this State. At that general election, the
vote on this proposed amendment to the Constitution shall be
by ballot, and upon each ballot there shall be printed the
words "For the Constitutional Amendments" and "Against the
Constitutional Amendments," as now provided by law.
Immediately after the election, all returns shall be made to
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