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Session Laws, 1920
Volume 539, Page 646   View pdf image (33K)
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646 LAWS OF MARYLAND. [CH. 373

of the Harbor Board of Baltimore City; of the construc-
tion of additions and extensions of the conduit system of
Baltimore City; of the acquisition of sites and" the con-
struction, reconstruction, repair and improvement of
police stations and fire engine houses and the improve-
ment of the police and fire departments of Baltimore
City; providing the amounts to be expended for said
purposes in Baltimore City as it existed prior to Chapter
82 of the Acts of 1918 and in the territory annexed to
Baltimore City by said Act; and to authorize the submis-
sion of an ordinance for that purpose to the legal voters
of Baltimore City, and granting to the Mayor and City
Council of Baltimore the right to provide by ordinance
for the expenditure of the proceeds of said loan by a
special commission.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the Mayor and City Council of Baltimore be, and
it is hereby authorized to issue the stock of said corporation
to an amount not exceeding twenty-six, million (26,000,000)
dollars, said stock to be issued from time to time as the Mayor
and City Council of Baltimore shall by ordinance provide,
and to be issued for such amounts and to be payable at such
times and to bear such rate of interest as the Mayor and City
Council of Baltimore shall by ordinance provide: hut no
stock shall be issued in whole or in part unless the ordinance
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 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.

SEC. 2. And be it further enacted, That the proceeds of
the stock hereby authorized to be issued shall be used for the
purpose of defraying the cost and expenses of the following
public improvements, viz:

1. The proceeds of seven million dollars ($7,000.000) of
said stock, or so much thereof as may be necessary, shall be
used for the acquisition of school house sites and additions to
existing sites, and the construction of school buildings and
additions to existing school buildings and for the improvement
and reconstruction of existing school buildings, of which


 

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Session Laws, 1920
Volume 539, Page 646   View pdf image (33K)
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