THEODORE R. MCKELDIN, GOVERNOR 9

(b) In addition, no part of the proceeds of sale of the certificates
of indebtedness hereby authorized to be issued shall be expended
for actually constructing, erecting or equipping any building,
structure or facility for or in connection with the Civic Center (as
distinguished from funds which are necessary to be expended in
connection with obtaining options for the acquisition of land or
property, or planning or preparing plans and specifications, or the
employment of engineers, architects, an Executive Director, assist-
ants, aides and employees of the Commission, or other matters or
things which are usually and generally preliminary to the com-
mencement of actual construction work) until after the proposed
site for the Civic Center and the plans and specifications for any
building, structure or facility to be constructed, erected or equipped
for or in connection with the Civic Center has been submitted by
the Commission to the Board of Estimates of the Mayor and City
Council of Baltimore and approved by said Board.

(c) Any contract entered into by the Mayor and City Council of
Baltimore in connection with any of the matters or things provided
for or contemplated by the provisions of this Act, after it has been
executed on behalf of the Mayor and City Council of Baltimore by
the Mayor of Baltimore City and the corporate seal of the munici-
pality affixed thereto, duly attested by the Treasurer of the mu-
nicipality, and approved by the said Board of Estimates, shall con-
stitute a legal and binding obligation of the Mayor and City Council
of Baltimore.

SEC. 5. 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 certificates of indebtedness, or any portion thereof, may or
may 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 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 certificates of indebtedness are not issued in series,
any premiums realized above the par value of the whole amount of
said certificates of indebtedness shall constitute a part of the sink-
ing fund created for the purpose of paying the loan herein au-
thorized. If said certificates of indebtedness are issued in series,
the net premiums resulting from the sale of the entire loan shall
fae placed to the credit of any existing sinking funds established for
the payment of any loans of the Mayor and City Council of Bal-
timore.

SEC. 6. 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