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Session Laws, 1953
Volume 606, Page 412   View pdf image (33K)
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412 LAWS OF MARYLAND [CH. 222

indebtedness to be issued from time to time and for such
amounts, payable at such periods, 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 indebtedness shall not
be issued, in whole or in part, unless an ordinance or ordi-
nances of the Mayor and City Council of Baltimore pro-
viding for the issuance thereof shall be submitted to the
legal voters of Baltimore City at such time and place as
may be fixed by said ordinance or ordinances, and be ap-
proved by a majority of the votes cast at such time and
place, as required by Section 7 of Article XI of the Con-
stitution of Maryland; and the Mayor and City Council of
Baltimore, in submitting any ordinance or ordinances for
the issuance of said certificates of indebtedness, or any
part thereof, to the legal voters of Baltimore City, may
submit and re-submit 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 the certificates of indebtedness hereby author-
ized to be issued, not exceeding the par value thereof, shall
be used for the acquisition, by purchase or condemnation
or any other legal means, of land or property, or any rights
therein, in the general vicinity of the University of Mary-
land Hospital in the City of Baltimore, and for construct-
ing, erecting and equipping a new health district building
or structure on any land or property acquired under the
provisions hereof or on any land or property now or here-
after owned by the Mayor and City Council of Baltimore
in the general vicinity of the University of Maryland Hos-
pital; said new building or structure to be used by the
Health Department of Baltimore City for or in connection
with the functions and activities carried on by the Health
Department of Baltimore City for the protection of the
health of the people of said 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 pay-
able annually a portion of the principal of said certificates
of indebtedness, and any portion or all of said certificates
of indebtedness may or may not be registered and said
certificates of indebtedness, or any portion thereof, may or
may not have interest coupons attached, all as may be pro-
vided by or under the authority of said ordinance or ordi-


 

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Session Laws, 1953
Volume 606, Page 412   View pdf image (33K)
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