574 LAWS OF MARYLAND. [CH. 547

of said corporation to an amount not exceeding One Mil-
lion Dollars ($1, 000, 000. 00), the said certificates of indebt-
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 submit-
ting 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 any general
election to be held in Baltimore City.

SEC. 2. And be it further enacted, That the proceeds
of sale of the certificates of indebtedness hereby author-
ized to be issued, not exceeding the par value thereof,
shall be used for the purpose of repairing, remodeling,
renovating, improving and modernizing the present Balti-
more City Court House, on its present site, which is
bounded oh the East by Calvert Street, and on the West
by St. Paul Street, on the North by Lexington Street and
on the South by Fayette Street, as said repairing, renovat-
ing, remodeling, improving and modernizing may be
authorized from time to time and provided for by ordinance
or ordinances of the Mayor and City Council of Baltimore.

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 a series maturing at stated periods, and may make pay-
able 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
certificates of indebtedness, or any portion thereof, may
or maye not have interest coupons attached, all as may be
provided by or under the authority of said ordinance or
ordinances, and said certificates of indebtedness, when
issued, shall bear interest at such rate or rates as may be
provided by or under the authority of said ordinance or
ordinances. If said certificates of indebtedness are issued
in series maturing at stated periods, and a portion of the