648 LAWS OF MARYLAND.

one year, and to be payable at such times and to bear such rate
or rates of interest as the Mayor and City Council of Baltimore
shall by ordinance provide; said amounts of stock shall be sold
and issued by the Commissioners of Finance of the city of
Baltimore at the best prices obtainable in their judgment there-
for, and any premiums derived from the sale thereof shall
remain in their hands as parts of the sinking fund hereinafter
mentioned; the residue of the money received from the sale
of said amounts of stock shall be turned over by them to the
Comptroller, to be by him deposited with the City Register
and to be placed to the credit of a fund to be known as the
"New Paving Fund," which shall be exclusively applicable to
the cost of the work authorized by this Act and shall be charge-
able with no other items of cost or expense whatsoever. Appro-
priations for the cost of said work, based upon the estimates of
said commission, shall be annually included by the Board of
Estimates, in the usual way, in the ordinance of estimates; and
upon the written requisitions, supported by proper vouchers
of the chairman of said commission, or of the chairman pro tem-
pore of said commission, countersigned by the secretary of said
commission, or by the secretary pro tempore of said commis-
sion, either of which temporary officers said commission is
hereby authorized to appoint, by vote or resolution, in the
event of the absence, "sickness or other disability for the time
being of its chairman or secretary, respectively, the Comptroller
shall draw his warrants upon the City Register, payable out
of such appropriations from said special fund for the amounts
of all items of cost or expense properly chargeable upon said
special fund; but no part of said stock shall be issued, nor
any member of said commission appointed, until the ordinance
of the Mayor and City Council of Baltimore providing for the
issuance thereof shall be submitted to the legal voters of the
city of Baltimore at such time and place as may be fixed by
said ordinance, 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 Constitution of Maryland; if issued pursuant to such
approval, the Mayor and City Council of Baltimore shall levy
in each and every year, upon all property liable to taxation in
the city of Baltimore, a sum sufficient to pay the interest
accruing on said amounts of stock and to create a sinking fund
sufficient, with the aid of any premiums on the sale thereof,
to redeem said amounts of stock at their respective dates of
maturity.

SEC. 2. And be it further enacted, That section 7 of chapter
401 of the Acts of the General Assembly of Maryland for the
year 1906 be and the same is hereby repealed.