50 LAWS OF MARYLAND. [CH. 42

ment of land or property, including the comprehensive
renovation or rehabilitation thereof, as aforesaid; and
to authorize said municipality to submit an ordinance or
ordinances for said purpose to the legal voters of
Baltimore City.

SECTlON 1. Be it enacted by the General Assembly of Maryland,
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 Ten Million
Dollars ($10,000,000.00), the said certificates of indebted-
ness 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 Balti-
more 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 ordi-
nances 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 ap-
proved by a majority of the votes cast at such time and
place as required by Section 7 of Article 11 of the Constitu-
tion of Maryland; and the Mayor and City Council of
Baltimore, in submitting any ordinance or ordinances for
the issuance of said certificates of indebtedness 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 said certificates of indebtedness hereby authorized to be
issued, not exceeding the par value thereof, shall be used
for the acquisition, by purchase, lease, condemnation or
any other legal means, of land or property, or any rights
therein, in the City of Baltimore, for development or re-
development, including, but not limited to, the compre-
hensive renovation or rehabilitation 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, reloca-
tion, 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, al-
leys, utilities or services, in connection with the develop-
ment or redevolpment of land or property, including the
comprehensive renovation or rehabilitation thereof, as
aforesaid; all of such land or property to be developed,