THEODORE R. MCKELDIN, GOVERNOR 403

periods, and a portion of the principal is made payable an-
nually, the Mayor and City Council of Baltimore shall an-
nually 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 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 paying the loan herein authorized, and if said
certificates of indebtedness are issued in series, the net
premiums resulting from sale of the entire loan shall be
placed to the credit of any existing sinking funds estab-
lished 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 this Act shall
take effect June 1, 1953.

Approved March 31, 1953.

CHAPTER 219
(House Bill 374)

AN ACT to authorize the Mayor and City Council of Balti-
more to issue the certificates of indebtedness of said
corporation to an amount not exceeding Five Million
Dollars ($5, 000, 000), the proceeds of the same to be used
for the purpose of enlarging, extending and improving
the sanitary sewerage and storm water drainage systems

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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.