740 LAWS or MARYLAND. [CH. 229

struction of necessary bridges and viaducts, as the Mayor and
City Council of Baltimore may by ordinance provide.

(b) Condemning, closing, opening, widening, straightening,
grading and paving an east and west thoroughfare connecting
the eastern and western limits of said city and located between
North Avenue in said city on the north and Pratt Street in
said city on the south; and condemning, opening, widening,
straightening, closing, grading and paving any streets, avenues
or alleys, including the construction of necessary bridges and
viaducts in connection with said east and west thoroughfares
as may be provided by ordinance of the Mayor and City Coun-
cil of Baltimore.

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 ordi-
nance; 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
Council of Baltimore shall annually raise by taxation the
amount of money required to meet the interest and the pro-
portion of the principal payable in said year. If said cerfi-
cates are not issued in series, any premiums realized above the
par value of the whole amount of said certificates shall consti-
tute a part of the sinking fund created for the purpose of pay-
ing the loan herein authorized; if said certificates of indebted-
ness are issued in series, such premiums shall be placed to the
credit of any existing sinking funds established for the pay-
ment of any loans of the Mayor and City Council of Balti-
more.

SEC. 4. And be it further enacted, That this Act shall take
effect from Tune 1. 1924.

Approved April 9, 1924.