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Session Laws, 1951
Volume 603, Page 69   View pdf image (33K)
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THEODORE R. MCKELDIN, GOVERNOR 69

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 Con-
stitution 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 sub-
mit and re-submit the same at any municipal election^ as
well as at 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 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 constructing,
erecting and equipping buildings, structures and facilities
to be used by the Fire Department of Baltimore City, and
for reconstructing, enlarging, extending, improving, reno-
vating, modernizing and equipping existing buildings,
structures and facilities of the Mayor and City Council of
Baltimore now being used by, or under the jurisdiction of,
the Fire Department of Baltimore City, on any land or
property acquired under the provisions hereof or on any
land or property now or hereafter owned by the Mayor and
City Council of Baltimore, and for doing any and all things
necessary, proper or expedient in connection with or per-
taining 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 ordi-
nances, authorize the issuance of said certificates of in-
debtedness 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 there-
of, may or may not have interest coupons attached; all as
may be provided by or under the authority of said ordi-
nance 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 ordi-
nance or ordinances. If said certificates of indebtedness
are issued in series maturing at stated periods, and a por-
tion of the principal is made payable annually, the Mayor
and City Council of Baltimore shall annually raise by taxa-
tion the amount of money required to meet the interest


 

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Session Laws, 1951
Volume 603, Page 69   View pdf image (33K)
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