THEODORE R. MCKELDIN, GOVERNOR 415

SEC. 2. And be it further enacted, That the proceeds of
sale of the certificates of indebtedness hereby authorized
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 City of Baltimore, and for constructing,
erecting and equipping a new building or structure for
giving custodial care to dependent and neglected children
under the care of the Department of Welfare of Baltimore
City on any land or property acquired under the provisions
hereof or on any land or property now or hereafter owned
by the Mayor and City Council of Baltimore, and for re-
constructing, enlarging, extending, improving, renovating,
modernizing and equipping any existing buildings or struc-
tures which are used to give custodial care to dependent
and neglected children under the care of said Department
of Welfare, and for doing any and all things necessary,
proper or expedient in connection with or pertaining to
any or all of the matters or things hereinbefore mentioned.

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-
nances, and said certificates of indebtedness, when issued,
shall bear interest at such rate or rates as may be pro-
vided by or under the authority of said ordinance or ordi-
nances. If said certificates of indebtedness are issued in
series maturing 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 cer-
tificates of indebtedness are not issued in series, any pre-
miums 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 placed to the credit of any
existing sinking funds established for the payment of any
loans of the Mayor and City Council of Baltimore.