WM. PRESTON LANE, JR., GOVERNOR. 55

SECTION 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 indebted-
ness of said corporation to an amount not exceeding Three
Million Dollars ($3,000,000.00), 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.

SEC. 2. And be it further enacted, That the proceeds of
sale of the certificates of indebtedness hereby authorized
to be 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
thereon or therein, or on or in land or property now or
hereafter owned by the Mayor and City Council of Balti-
more, new playgrounds, playfields, recreational centers or
recreational buildings, and for the redesign, development
and improvement of park, school and other properties now
or hereafter owned by the Mayor and City Council of
Baltimore for recreational purposes, and for the acquisi-
tion and installation of fixed equipment for any new or
redesigned, redeveloped or improved playground, playfield,
recreational center or recreational building.

No part of the proceeds of sale of the said certificates
of indebtedness shall be used for or in connection with the
establishment, acquisition or construction of any new
stadium or any facility appurtenant thereto, or for or in
connection with reconstructing, enlarging, extending, im-
proving, renovating, modernizing or adding to the existing
Baltimore Stadium located in Venable Park or any facility
appurtenant thereto.