742 LAWS OF MARYLAND. [CH. 231

SEC. 4. And be it further enacted, That the Mayor and
City Council of Baltimore may by ordinance authorize the is-
suance 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 por-
tion 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 au-
thority of said ordinance. If said certificates are issued in
series maturing at stated periods, and a proportion of the prin-
cipal 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 proportion of the
principal payable in said year. If said certificates are not is-
sued 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 permiums 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.

SEC. 5. And be it further enacted, That this Act shall take
effect as of June 1, 1924.

Approved April 9, 1924.

CHAPTER 231.

AN ACT to add an additional section to Article 4 of the Code
of Public Local Laws of Maryland, title "City of Balti-
more, " said additional section to follow immediately after
Section 9 of said Article 4 (said Section 9 of Article 4 being
part of the Charter of Baltimore City, adopted by the voters
of said City at the November ^Election of 1918), and to be
designated as Section 9A, relating to surrender and substi-
tution of franchises, easements or rights-of-way in the streets
or roads of Baltimore City.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That a new and additional section is hereby added to
Article 4 of the Code of Public Local Laws of Maryland, title