44 LAWS OF MARYLAND. [CH. 9

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 and safety, and having
been passed by a yea and nay vote, supported by three-fifths of
all the members elected to each of the two Houses of the Gen-
eral Assembly, the same shall take effect from the date of
its passage.

Approved March 16, 1944.

CHAPTER 9.
(Senate Bill-No. 15)

AN ACT to authorize the Mayor and City Council of Balti-
more to issue certificates of indebtedness of said corporation
to an amount not exceeding Seven Million Dollars
($7,000,000), the proceeds of the same to be expended for
the purpose of acquiring by purchase or condemnation land
in the City of Baltimore and erecting thereon such building,
buildings, structure or structures as may be provided from
time to time by ordinance or ordinances of the Mayor and
City Council of Baltimore.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the Mayor and City Council of Baltimore be and
it is hereby authorized to issue the certificates of indebtedness
of said corporation to an amount not exceeding Seven Million
Dollars ($7,000,000), said certificates of indebtedness to be
issued from time to time and for such amounts, and payable
at such periods, and to bear such rate or rates of interest, all
as the Mayor and City Council of Baltimore shall by ordi-
nance or ordinances from time to time provide; but no certifi-
cates of indebtedness shall be issued in whole or in part unless
the ordinance or ordinances of the Mayor and City Council of
Baltimore providing for the issuance thereof shall be sub-
mitted to the legal voters of Baltimore City at such time and