ALBERT C. RITCHIE, GOVERNOR. 729

constructing additions and extensions to the 'underground con-
duit systems of the Mayor and City Council of Baltimore, and
for the purpose of acquiring by purchase any existing conduit
systems.

SEC. 3. And be it further enacted, That the Mayor and
City Council of Baltimore may by ordinance authorize the

issuance of said certificates of indebtedness in series, maturing
at stated periods, and may make payable annually a propor-
tion of the principal of said certificates of indebtedness; and
any portion or all of said certificates may be registered, or not
registered, and said certificates or any portion thereof, shall
have interest coupons attached, or said certificates, or any
portion thereof shall not have interest coupons attached, as
may be provided by or under the authority of said ordinance;
and said certificates of indebtedness when issued shall bear
interest at such rate or rates as may be provided by or under
the authority of said ordinance. If said certificates are issued
in series maturing at stated periods, and a proportion of the
principal is made payable annually, the Mayor and City Coun-
cil of Baltimore shall annually raise by taxation the amount
of money required to meet the interest and the proportion of
the principal payable in said year. If said certificates are
not issued in series, any premiums realized above the par value
of the whole amount of said certificates shall constitute a part
of the sinking fund created for the purpose of paying the loan
herein authorized; if said certificates of indebtedness are is-
sued in series, such premiums shall be placed to the credit of
any existing sinking funds established for the payment of any
loans of the Mayor and City Council of Baltimore.

Approved April 9, 1924.

CHAPTER 222.

AN ACT to authorize the Mayor and City Council of Balti-
more to issue certificates of indebtedness of said corpora-
tion to an amount not exceeding ten million dollars ($10, -
000. 000. 00) for the purpose of defraying the costs and ex-
penses of the construction of additions and extensions to its
sanitary sewerage and storm water drainage systems, in-
cluding alterations, repairs and improvements to its existing
plant and appurtenances and to acquire by purchase or con-
demnation any sanitary or storm water sewer or sewage dis-
posal plants; and to authorize the submission of an ordi-