ART. 4.] STOCKS, LOANS AND FINANCE. 541

1881, ch 75.

802. They are authorized and empowered to increase, in case
they shall deem it necessary so to do, the public debt of said city,
to the extent of not more than one million five hundred thousand
dollars beyond the amount above authorized, and to issue for said
increased debt the bonds or notes or other evidences of debt
of said city. They shall create a sinking fund to meet the
liabilities thus incurred, and may also levy upon the assess-
able property of the city of Baltimore, from time to time,
such sum as may be necessary to provide therefor, and for the
payment of the principal and interest of the liabilities to be
incurred under this section, and may pass all ordinances necessary
to carry out the purposes of the same.

1876, ch. 187.

803. Whenever the commissioners of finance of the city of
Baltimore shall be authorized by the mayor and city council of
Baltimore to invest moneys belonging to the sinking fund of said
city, in annuities or ground rents, reserved out of the lands leased
to the mayor and city council of Baltimore, and payable by the
said corporation, the said commissioners may purchase such rents
or annuities and the reversions of such lands; and the convey-
ances thereof taken may be made to the mayor and city council
of Baltimore, in trust for the benefit and purposes of the said
sinking fund; and in every such case such conveyance shall not
work a merger of the lease or term, but, until otherwise provided
by law, the rent shall continue to be payable by the mayor and
city council of Baltimore as if such purchase had not been made,
but shall be received and applied by the commissioners of finance
as the income of other investments of the sinking fund may be
applied.

1880, ch. 94.

804. Whenever and as often as it may be necessary hereafter
to issue certificates of indebtedness or city stock or bonds of the
city of Baltimore, either for loans of the said city, already created
and authorized by law, but not yet negotiated and issued, or for
loans which may be hereafter created and authorized to be issued
as aforesaid, provision may be made, in the discretion of the