THEODORE R. MCKELDIN, GOVERNOR 75

the time of the issuance of said certificates of indebtedness.
Said certificates of indebtedness shall mature within a pe-
riod of thirty (30) years from their respective dates. If
said certificates of indebtedness are issued in series ma-
turing 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 in-
debtedness 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 paying the loan herein au-
thorized, and if said certificates of indebtedness are issued
in series, the net premiums resulting from sale of the en-
tire loan shall be placed to the credit of any existing sink-
ing funds established for the payment of any loans of the
Mayor and City Council of Baltimore.

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 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.

SEC. 7. And be it further enacted, That insofar as the
provisions of this Act are inconsistent with the provisions
of any other law, the provisions of this Act shall be con-
trolling.

SEC. 8. And be it further enacted, That this Act is here-
by declared to be an emergency measure 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.