WM. PRESTON LANE, JR., GOVERNOR. 49

money required 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 real-
ized above the par value of the whole amount of said
certificates of indebtedness shall constitute a part of the
sinking fund created for the purpose of paying the loan
herein authorized. If said certificates of indebtedness are
issued in series, the net premiums resulting from the sale
of the entire loan shall be placed to the credit of any
existing sinking funds established for the payment of any
loans of the Mayor and City Council of Baltimore.

SEC. 4. And, be it further enacted, That any ordinance
of the Mayor and City Council of Baltimore submitted
to the legal voters of Baltimore City under the authority
of this Act, shall provide for the entire issue of certifi-
cates of indebtedness herein authorized, or any part
thereof, and shall further provide for the expenditure of
the proceeds thereof in accordance with the provisions
of the Charter of Baltimore, and by the municipal agency
designated in the annual ordinances of estimates of the
Mayor and City Council of Baltimore.

Approved February 26, 1947.

CHAPTER 42.
(Senate Bill 138)

AN ACT to authorize the Mayor and City Council of
Baltimore to issue certificates of indebtedness of said
corporation to an amount not exceeding Ten Million
Dollars ($10,000,000.00), the proceeds of the same to be
expended for the acquisition, by purchase, lease, con-
demnation, or any other legal means, of land or prop-
erty, or any rights therein, in the City of Baltimore,
for development or redevelopment, including, but not
limited to, the comprehensive renovation or rehabilita-
tion thereof, and for the payment of any and all costs
and expenses incurred in connection with, or incidental
to, the acquisition of said land or property, and for the
demolition, removal, relocation, renovation or alteration
of land, buildings, streets, highways, alleys, utilities or
services, and other structures or improvements, and for
the construction, reconstruction, installation, relocation
or repair of streets, highways, alleys, utilities or ser-
vices, in connection with the development or redevelop-