WM. PRESTON LANE, JR., GOVERNOR. 59

issued, not exceeding the par value thereof, shall be used for
the acquisition, by purchase or condemnation, of land or
property in the City of Baltimore and establishing, construct-
ing and equipping a modern and adequate stadium and all
facilities and appurtenances necessary or useful in connection
with the operation of a modern stadium on said land or
property or on any land or property now or hereafter owned
or controlled by the Mayor and City Council of Baltimore, or
for establishing, constructing and equipping an entirely new
and modern stadium and all facilities and appurtenances
necessary or useful in connection with the operation of a
modern stadium on the portion of Venable Park bounded on
the south by Thirty-third Street, on the west by Ellerslie
Avenue, on the north by Thirty-sixth Street and on the east
by Ednor Avenue, located in Baltimore City, or for recon-
structing, enlarging, extending, improving, renovating and
modernizing the existing Baltimore Stadium located within
the portion of Venable Park hereinbefore described, 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.

SEC. 3. And be it further enacted, That the Mayor and
City Council of Baltimore may, by ordinance or ordinances,
authorize the issuance of said certificates of indebtedness in
series maturing at stated periods, and may make payable
annually a portion of the principal of said certificates of
indebtedness, and any portion or all of said certificates of
indebtedness may or may not be registered, and said certifi-
cates of indebtedness, or any portion thereof, may or may
not have interest coupons attached, all as may be provided
by or under the authority of said ordinance or ordinances,
and said certificates of indebtedness, when issued, shall bear
interest at such rate or rates as may be provided by or
under the authority of said ordinance or ordinances. If said
certificates of indebtedness are issued in series maturing at
stated periods, and a portion of the principal is made pay-
able annually, the Mayor and City Council of Baltimore
shall annually raise by taxation the amount of money re-
quired to meet the interest and the portion of the principal
payable in each year. If said certificates of indebtedness
are not issued in series, any premiums realized above the par
value of the whole amount of said certificates of indebted-
ness shall constitute a part of the sinking fund created for
the purpose of paying the loan herein authorized, and if
said certificates of indebtedness are issued in series, the net
premiums resulting from sale of the entire loan shall be