398 LAWS OF MARYLAND [CH. 218

corporation to an amount not exceeding Twenty Million
Dollars ($20, 000, 000), the proceeds of the same to be
used, within the boundaries of Baltimore City, for or in
connection with extending, developing or improving the
harbor or port of Baltimore and its facilities and the
highways and approaches thereto, and for acquiring such
floating equipment as may be needed from time to time
to properly keep the harbor or port of Baltimore open to
navigation at all times and for defraying certain other
costs and expenses; conferring and imposing upon the
Port of Baltimore Commission certain powers and duties;
providing certain conditions which must be complied
with before the proceeds of sale of the said certificates of
indebtedness may be expended; and to authorize said
municipality to submit an ordinance or ordinances for
said purpose to the legal voters of Baltimore City.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That the Mayor and City Council of Baltimore
be and it is hereby authorized to issue the certificates of in-
debtedness of said corporation to an amount not exceeding
Twenty Million Dollars ($20, 000, 000), the said certificates
of indebtedness to be issued from time to time and for
such amounts, and payable at such time or times, and to
bear such rate or rates of interest, all as the Mayor and
City Council of Baltimore shall by ordinance or ordinances
from time to time provide; but said certificates of indebted-
ness shall not be issued in whole or in part unless an or-
dinance or ordinances of the Mayor and City Council of
Baltimore providing for the issuance thereof shall be sub-
mitted to the legal voters of Baltimore City at such time
and place 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 XI 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 to the legal
voters of Baltimore City, may submit and resubmit 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 said certificates of indebtedness hereby authorized
to be issued, not exceeding the par value thereof, shall be
used, within the boundaries of Baltimore City, for or in con-
nection with extending, developing or improving the harbor
or port of Baltimore and its facilities and the highways and