74 LAWS OF MARYLAND. [CH. 28
edness 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 ordinance or ordinances from time to time provide;
but said certificates of indebtedness shall not be issued in
whole or in part unless an ordinance or ordinances of the
Mayor and City Council of Baltimore providing for the
issuance thereof shall be submitted to the legal voters of
Baltimore City at such time and place as may be fixed by
said ordinance or ordinances and be approved by a majority
of the votes cast at such time and place as required by Section
7 of Article 11 of the Constitution of Maryland; and the
Mayor and City Council of Baltimore, in submitting. any
ordinance or ordinances for the issuance of said certificates
of indebtedness to the legal voters of Baltimore City, may
submit and resubmit the same at any municipal election as
well as at any general election to be held in Baltimore City.
SEC. 2. And be it further enacted, That the proceeds of
said certificates of indebtedness hereby authorized to be
issued, not exceeding the par value thereof, shall be used for
the acquisition, by purchase, lease, condemnation or any other
legal means, of land or property, or any rights or interests
therein, in the City of Baltimore, and for developing, estab-
lishing, constructing, erecting, altering, expanding, enlarging,
improving and equipping buildings, structures and other
facilities on, under or in said land or property, or on, under
or in any land or property that is now or hereafter may be
owned or otherwise held or controlled by the Mayor and City
Council of Baltimore, or on, under or in any land or property
owned or otherwise held or controlled by any private, public
or quasi-public corporation, partnership, association, person
or other legal entity, for storing, parking and servicing self-
propelled vehicles, and for the payment of any and all neces-
sary or proper costs and expenses connected with, or incident
to, doing any or all of the aforegoing acts or things; provided,
no petroleum products shall be sold or offered for sale at any
entrance to, or exit from, any land so acquired or at any
entrance to, or exit from, any structure erected thereon, when
any entrance to, or exit from, any such land or structure
faces a street or highway which is more than 25 feet wide
from curb to curb; and provided further, that all of said
land, property or improvements, shall be developed, improved,
held or disposed of as provided by law.
SEC. 3. And be it further enacted, That before the issuance
of said certificates of indebtedness, or any part thereof, the
Mayor and City Council of Baltimore, by ordinance, shall
create a board, body, commission or other agency of the
Mayor and City Council of Baltimore and confer upon such
agency full power to administer and supervise the proceeds
|
|