HERBERT R. O'CONOR, GOVERNOR. 575

principal is made payable annually, the Mayor and City
Council of Baltimore shall annually raise by taxation the
amount of money required to meet the interest and the
portion of the principal payable in each year. If said cer-
tificates of indebtedness are not issued in series, any pre-
miums realized above the par value of the whole amount
of said certificates of indebtedness shall constitute a part
of the sinking fund created for the purpose of paying the
loan herein authorized, and if said certificates of indebted-
ness are issued in series, the net premiums resulting from
sale of the Entire loan 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 the Mayor and
City Council of Baltimore may, by one ordinance, submit
the whole of this loan to the legal voters of Baltimore City
at one time, or it may, by one or more separate ordinances,
submit a part of said loan to the legal voters of said City
at different times; and any ordinance or ordinances sub-
mitting the whole or any part of this loan to the legal
voters of Baltimore City shall provide for the expenditure
of the proceeds thereof in accordance with the provisions
of the Charter of the Mayor and City Council of Baltimore,
and by the municipal agency designated in the Annual
Ordinances of Estimates of the Mayor and City Council
of Baltimore.

SEC. 5. And be it further enacted, That this Act is
hereby declared to be an emergency law and necessary for
the immediate 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 General Assembly, the same shall take
effect from the date of its passage.

Approved April 5, 1945.

CHAPTER 548.
(Senate Bill 33)

AN ACT to repeal and re-enact, with amendments, Section 6
of Article 4 of the Code of Public Local Laws of Maryland
and Baltimore City Charter (1938 Edition), title "Baltimore
City", sub-title "General Powers", as said section was
amended by the Acts of 1939, 1941 and 1943, revising and