ALBERT C. RITCHIE, GOVERNOR. 1373
6. The actual cash proceeds of the sale of the certificates of
indebtedness to be issued under this Act shall be exclusively for
the following purposes, to wit:
The Comptroller shall, immediately upon sale of and payment
for said bonds or certificates of indebtedness, first return to
and credit the Treasury with whatever advances or payments
may have been made as provided for by Section 5 of this Act.
The remainder. of the proceeds of said loan shall thereupon be
turned over to the Mayor and City Council of Baltimore for the
purpose of paying part of the cost of securing property, either
by purchase or condemnation, and for the grading, paving and
construction, in front of the Fifth Regiment Armory in Balti-
more City, of the Plaza, as laid out in the plat filed in the office
of the Commissioner for Opening Streets of Baltimore City on
the sixth of January 1927, and particularly described in Ordi-
nance 1066, of the Mayor and City Council of Baltimore, ap-
proved May 7, 1927; provided, however, that no part of the
proceeds of said loan shall be turned over to the Mayor and
City Council of Baltimore unless and until said Mayor and City
Council of Baltimore shall have provided by means of the gen-
eral tax levy or from any loan or loans already authorized and
applicable thereto, and not by the assessment of benefits on prop-
erty, the sum of One Hundred and Fifty Thousand Dollars
($150, 000) to be used toward the erection and establishment of
said Plaza as aforesaid, and also shall have made provisions for
completing said Plaza as laid out in said plat and described in
said Ordinance, or shall have satisfied the Governor, Comptroller
of the Treasury, and Treasurer, or a majority of them, that
said provisions for completing said Plaza will be made and the
work completed accordingly.
Reference to said Ordinance 1066 is made herein only for the
purpose of identifying the location of said proposed improve-
ment and not for the purpose of preventing the Mayor and City
Council of Baltimore from amending or modifying any of the
other provisions of said Ordinance. Nothing herein contained
shall be construed to prohibit the Mayor and City Council of
Baltimore from assessing benefits in accordance with Article IV
of the Public Local Laws of Maryland, entitled "Baltimore
City" for the sum by which, the total cost of said improvement
may exceed the sum of Three Hundred Thousand Dollars
($300, 000),
SEC. 2. And be it further enacted, That this Act shall take
effect June 1, 1929.
Approved April 11, 1929.
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