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Session Laws, 1947 Special Session
Volume 404, Page 58   View pdf image (33K)
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58 LAWS OF MARYLAND. [CH. 17

vating and modernizing the existing Baltimore Stadium
located within a portion of Venable Park, including, but
not limited to, the construction, erection or installation of
all facilities or appurtenances necessary or useful in con-
nection with the operation of a modern stadium and the
construction and erection of a roof over all or a portion of
said stadium and for doing any and all things necessary
in connection with or pertaining to any or all of the
matters or things hereinbefore mentioned, and to authorize
said municipality to submit an ordinance or ordinances for
said purpose to the legal voters of Baltimore City, and
declaring this Act to be an emergency law.

WHEREAS, Chapter 97 of the Laws of Maryland of 1947
authorized the Mayor and City Council of Baltimore to issue
its certificates of indebtedness to an amount not exceeding
Two Million Five Hundred Thousand Dollars ($2, 500, 000. 00)
and to use the proceeds derived from the sale of such cer-
tificates of indebtedness for stadium purposes; and

WHEREAS, since the enactment of Chapter 97 of the Laws
of Maryland of 1947, it has been determined that additional
funds are needed and necessary for stadium purposes; there-
fore

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the Mayor and City Council of Baltimore be and
it is hereby authorized to issue the certificates of indebtedness
of said corporation to an amount not exceeding Two Million
Five Hundred Thousand Dollars ($2, 500, 000. 00), the said
certificates of indebtedness to be issued from time to time and
for such amounts, and payable at such periods, and to bear
such rate or rates of interest, all as the Mayor and City
Council of Baltimore shall by ordinance or ordinances from
time to time provide; but said certificates of indebtedness
shall not be issued in whole or in part unless an ordinance or
ordinances of the Mayor and City Council of Baltimore pro-
viding for the issuance thereof shall be submitted to the legal
voters of Baltimore City at such time and place as may be
fixed by said ordinance or ordinances and be approved by a
majority of the votes cast at such time and place as required
by Section 7 of Article 11 of the Constitution of Maryland;
and the Mayor and City Council of Baltimore, in submitting
ant ordinance or ordinances for the issuance of said certifi-
cates of indebtedness, or any part thereof, to the legal voters
of Baltimore City, may submit and resubmit the same at any
municipal election as well as at any general election to be
held in Baltimore City.

SEC. 2. And be it further enacted, That the proceeds of
sale of the certificates of indebtedness hereby authorized to be

 

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Session Laws, 1947 Special Session
Volume 404, Page 58   View pdf image (33K)
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