THEODORE R. MCKELDIN, GOVERNOR 405

sewage disposal plants, pumping stations and other ap-
purtenances, the alteration, repair and improvement of
existing sewage disposal plants, pumping stations and other
appurtenances, and the acquisition by purchase or condem-
nation of any and all sanitary and storm water sewers,
sewage disposal plants, pumping stations and other ap-
purtenances, as well as of any and all land and property, and
of any right, interest, franchise, easement or privilege
therein, as may be necessary for any or all of the above-
mentioned purposes.

To enable it to accomplish and effectuate the objects
and purposes of this Act, the Mayor and City Council of
Baltimore shall have all the power of purchase and/or con-
demnation of land and property (including the power to
purchase and/or condemn land and property or any interest
therein or appurtenant thereto devoted to public or quasi
public use) as is conferred upon the Mayor and City Council
of Baltimore or any agency thereof by Chapter 349 of the
Acts of the General Assembly of 1904, authorizing the
establishment of the sanitary sewerage and storm water
drainage systems of Baltimore City.

SEC. 3. And be it further enacted, That the Mayor and
City Council of Baltimore may, by ordinance or ordinances,
authorize the issuance of said certificates of indebtedness in
series maturing at stated periods, and may make payable
annually a portion of the principal of said certificates of in-
debtedness, and any portion or all of said certificates of in-
debtedness may or may not be registered, and said certifi-
cates of indebtedness, or any portion thereof, may or may
not have interest coupons attached; all as may be provided
by or under the authority of said ordinance 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 ordinance or ordinances. If said
certificates of indebtedness are issued in series maturing at
stated periods, and a portion of the principal is made pay-
able 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 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. If said
certificates of indebtedness are issued in series, the net
premiums resulting from the sale of the entire loan shall be