CITY OF BALTIMORE. 627
sioners of Finance for account of said fund, "General Fund
Bonds," of the face value of the money received; and shall
forthwith pay into the City Treasury the money thus received
which shall be deemed to be a part of the general fund and be
used for the reduction of taxation. "General Fund Bonds"
shall be issued to the Commissioners of Finance only, except
as hereinafter in this section expressly provided, for account of
the sinking funds. They shall bear interest, payable from
taxation, at the rate of not more than four per centum per
annum, and shall be due and payable at such time as shall be
determined by the Mayor and City Council of Baltimore, but
not earlier than the year nineteen hundred and fifty-five, and
shall in all respects, except as in this section otherwise
expressly provided, be like other corporate bonds and stocks of
the city. The rights, powers, duties and obligations of the
Commissioners of Finance in respect to said "General Fund
Bonds," shall be the same in all particulars, except as in this
section otherwise expressly provided, as with respect to 'all
other corporate bonds and stocks of said city, in said sinking
fund. When any issue of certificates of indebtedness, bonds
or stocks, matures and is paid, all "General Fund Bonds" in
the sinking fund, securing said issue shall be immediately
canceled. If in any year it shall appear to the Commissioners
of Finance that the revenues and income of any sinking fund
will be insufficient to provide the sum by this section required
to be set apart in said year, the said Commissioners of Finance
may, in their discretion, notify the Board of Estimates, and
upon the written request of the Commissioners of Finance,
the said board shall include in the annual budget for the next
ensuing year a sum sufficient, when added to the amount of
the estimated revenues and income for that year, to make good
the deficiency; and the Council shall have no power to reduce
or reject any such appropriation. If at any time it shall be
necessary, in order to provide for the redemption of any issue
of certificates of indebtedness, bonds or stocks, redeemable
from any sinking fund, the Commissioners of Finance may
purchase from such sinking fund for account of any other
sinking fund, or may sell at public sale to the highest
bidder, such amount of "General Fund Bonds" then held by
said first-named sinking fund as may be necessary for that
purpose. Whenever such "General Fund Bonds" are sold to
other sinking funds of this city, or at public sale, there shall
be raised annually by taxation and paid into a special sinking
fund a sum which, with the accumulation of interest thereon,
shall be sufficient to redeem the bonds so sold at maturity; but
no annual sum shall be raised for the redemption at maturity
of the principal of any other "General Fund Bonds."
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