556 LAWS OF MARYLAND. [CH. 313

shall not have interest coupons attached, as may be provided
by or under the authority of said ordinance; and said certifi-
cates 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 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 issued 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.

SEC. 4. And be it further enacted, That this Act is hereby
declared to be an emergency law and necessary for the imme-
diate preservation of the public health or safety, and passed
upon a yea and nay vote supported by three-fifths of all the
members elected to each of the two Houses of the General
Assembly.

SEC. 5. And be it further enacted, That this Act shall take
effect from the date of its passage.

Approved April 1, 1927.

CHAPTER 313.

AN ACT to repeal and re-enact with amendments Section 97
of Article 48 A of the Code of Public General Laws of
Maryland, title "Insurance, " sub-title "Life, Accident and
Health Insurance, " as enacted by Chapter 492 of the Acts
of 1922, relating to mutual, co-operative or assessment in-
dustrial life insurance companies converted to stock com-
panies prior to July 1, 1916.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That Section 97 of Article 48 A. of the Code of Public
General Laws of Maryland, title, "Insurance, " sub-title "Life,
Accident and Health Insurance, " as enacted by Chapter 492 of
the Acts of 1922, be and the same is hereby repealed and re-
enacted with amendments, so as to read as follows: —