70 LAWS OF MARYLAND [CH. 29

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 sinking fund created for the purpose of pay-
ing the loan herein authorized. If said certificates of in-
debtedness are issued in series, the net premiums result-
ing from the 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 Ordi-
nances of Estimates of the Mayor and City Council of
Baltimore.

SEC. 5. And be it further enacted, That this Act is here-
by 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 of Maryland, the same
shall take effect from the date of its passage.

Approved March 8, 1951.

CHAPTER 29

(Senate Bill 68)

AN ACT to authorize the Mayor and City Council of Balti-
more to issue certificates of indebtedness of said corpo-

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EXPLANATION: Italics indicate new matter added to existing law.

[Brackets] indicate matter stricken from existing law.
CAPITALS indicate amendments to bill.
Strike out indicates matter stricken out of bill.