THEODORE R. MCKELDIN, GOVERNOR 267

as required by Section 7 of Article 11 of the Constitution of
Maryland; and the Mayor and City Council of Baltimore, in
submitting 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 re-submit the
same at any municipal election as well as at any general elec-
tion to be held in Baltimore City.

SEC. 2. And be it further enacted, That the proceeds of sale
of the certificates of indebtedness hereby authorized to be
issued, not exceeding the par value thereof, shall be used for
the acquisition, by purchase, condemnation or any other legal
means, of land or property, or any rights therein, in the City
of Baltimore, and for establishing, constructing, erecting and
equipping a new modern and adequate jail and all facilities
and appurtenances necessary or useful in connection with the
use and operation of a modern jail on said land or property
or on any land or property now or hereafter owned or con-
trolled by the Mayor and City Council of Baltimore, and for
doing any and all things necessary, proper or expedient in
connection with or pertaining to any or all of the matters or
things hereinbefore mentioned.

SEC. 3. And be it further enacted, That the Mayor and City
Council of Baltimore may, by ordinance or ordinances, au-
thorize 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 indebted-
ness, 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 Coun-
cil 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 indebted-
ness are not issued in series, any premiums realized above the
par value of the whole amount of said certificates of indebted-
ness shall constitute a part of the sinking fund created for the
purpose of paying the loan herein authorized. If said certifi-
cates of indebtedness are issued in series, the net premiums
resulting from the sale of the entire loan shall be placed to the
credit of any existing sinking funds established for the pay-
ment of any loans of the Mayor and City Council of Baltimore.