44 LAWS OF MARYLAND. [CH. 40

and erecting on said land or property, or on any land
or property now or hereafter owned by the Mayor and
City Council of Baltimore, new school buildings, athletic
and other auxiliary facilities, and for additions and
improvements to, or the reconstruction of, existing
school buildings, and for equipment for any and all new
facilities authorized to be constructed or erected by the
provisions hereof: Provided that a portion of the pro-
ceeds of said certificates of indebtedness not exceeding
One Million Dollars ($1,000,000.00) may be used for
deferred maintenance, modernization and improvement
of existing school buildings and facilities; conferring
certain powers upon the Board of School Commissioners
of Baltimore City; imposing certain conditions in con-
nection with the expenditure of the proceeds derived
from said certificates of indebtedness; authorizing 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.

SECTION 1. Beitenacted by the General Assembly of Maryland,
That the Mayor and City Council of Baltimore be and it is
hereby authorized to issue the certificate of indebtedness
of said corporation to an amount not exceeding Twenty
Million Dollars ($20,000,000.00), 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
providing 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 Con-
stitution of Maryland; and the Mayor and City Council
of Baltimore, in submitting any ordinance or ordinances
for the issuance of said certificates 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, including the municipal election to be held .on the
first Tuesday after the first Monday in May, 1947.

SEC. 2. And be it further enacted, That the proceeds
of said certificates of indebtedness hereby authorized to be
issued, not exceeding the par value thereof, shall be issued