ALBERT C. RITCHIE,, GOVERNOR. 603

more City on the first Tuesday after the first Monday in
May, 1927.

SEC. 2. And be it further enacted, That the proceeds of
the certificates of indebtedness not exceeding their par value
hereby authorized to be issued shall be used for the purpose
of defraying the cost and expenses of the construction of addi-
tions and extensions to the sanitary sewerage and storm water
drainage systems of the Mayor and City Council of Baltimore
City, including the right to construct additional sewerage dis-
posal plants, pumping stations and altering, repairing, improv-
ing and extending its existing plants and appurtenances thereto;
and also for the acquisition by purchase or condemnation of
any sanitary or storm water sewers or sewage disposal plants.
To accomplish the purposes of this Act the Mayor and City
Council of Baltimore shall have all the power of purchase or
condemnation of land and property as and in the manner
provided for by the Act of the General Assembly of 1904,
Chapter 349, Section 3, authorizing the establishment of the
sanitary sewerage and storm water drainage systems of Balti-
more City, such land and property to be acquired by the Mayor
and City Council of Baltimore acting through the Chief Engi-
neer of Baltimore City with the approval of the Board of
Estimates.

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 proportion
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 indebt-
edness 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