WM. PRESTON LANE, JR., GOVERNOR 253

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 indebted-
ness of said corporation to an amount not exceeding Forty-
Five Million Dollars ($45,000,000), said certificates of in-
debtedness to be issued from time to time and for such
amounts, payable at such periods, and to bear such rate or
rates of interest, all as the Mayor and City Council of Balti-
more 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 XI of the Constitution of Mary-
land; and the Mayor and City Council of Baltimore in sub-
mitting any ordinance or ordinances for the issuance of
said certificates of indebtedness, or any part thereof, to the
legal voters of Baltimore City, may submit and resubmit
the same at any municipal election as well as at any gen-
eral election to be held in Baltimore City.

SEC. 2. And be it further enacted, That the proceeds of
sale of certificates of indebtedness hereby authorized to be
issued, not exceeding the par value thereof, shall be used for
the purpose of extending, enlarging, developing and improv-
ing the municipal raw water supply and the water system
of Baltimore City, including the construction, reconstruction
and extension of transmission conduits and distribution
mains, the increasing of the source or sources of supply,
the construction of additional storage reservoirs, additions
to and extensions of existing reservoirs, the construction of
additional pumping stations, filter basins or plants, addi-
tions to and extensions of existing pumping stations, filter
basins or plants and the doing of all things necessary, proper
or expedient to secure for the City of Baltimore a full and
adequate supply of water.

SEC. 3. And be it further enacted, That the Mayor and
City Council of Baltimore may, by ordinance or ordinances,
authorize the issuance of said certificates of indebtedness
in series maturing at stated periods, and may make payable
annually a portion of the principal of said certificates of
indebtedness and any portion or all of said certificates of
indebtedness may or may not be registered, and said certifi-