WM. PRESTON LANE, JR., GOVERNOR. 75

derived from the sale of the certificates of indebtedness, in-
cluding, but not limited to, the expenditure and disposition
thereof, and to appoint, employ, hire or engage such assist-
ants, aides and employees as may be deemed necessary for
the proper performance of the duties of the agency, and, with
the approval of the Board of Estimates of the Mayor and
City Council of Baltimore, to employ or hire, from time to
time, by contract, consulting, planning or designing engi-
neers or architects or other persons possessing technical or
specialized skills in connection with the duties and powers of
the agency; and such agency shall exercise all powers and
authority conferred upon it in accordance with the provisions
of the Charter of the Mayor and City Council of Baltimore
as it is now constituted or as it hereafter may be amended.

SEC. 4. And be it further enacted, That no part of the pro-
ceeds of the certificates of indebtedness hereby authorized to
be issued shall be expended until after the agency hereinabove
provided for and to be created by the Mayor and City Council
of Baltimore has submitted its written recommendation,
which shall set forth the purposes for, and the terms and
conditions upon, which each particular sum of money is to be
expended, to the Board of Estimates of the Mayor and City
Council of Baltimore and such recommendation has been ap-
proved by said Board of Estimates.

In addition, no part of the proceeds of the certificates of
indebtedness hereby authorized to be issued shall be expended
for actually constructing, erecting, altering, expanding, en-
larging, improving or equipping any building, structure or
facility on, under or in any land or property, regardless of
who owns or otherwise holds or controls any such land or
property, for storing, parking and servicing self-propelled
vehicles (as distinguished from funds which are necessary to
be expended in connection with the acquisition of land or
property or the preparation of plans or the employment of
assistants, aides and employees of the agency to be created
by the Mayor and City Council of Baltimore or other matters
or things which are usually and generally preliminary to the
commencement of actual construction work) until after the
municipal corporation, with the approval of its Board of
Estimates, shall have entered into a binding contract with
a private, public or quasi-public corporation, partnership,
association, person or other legal entity secured to the satis-
faction of the said Board of Estimates, under the terms of
which the Mayor and City Council of Baltimore will be reim-
bursed for at least all expenditures of money made by it in
connection with the particular project involved, and for all
interest charges paid or to be paid by the Mayor and City
Council of Baltimore on all funds borrowed by it and expended
in connection with the particular project involved, and for
all estimated real estate taxes that the Mayor and City