624 LAWS OF MARYLAND [CH. 327

the Police Department of Baltimore City for or in connec-
tion with any and all of its functions and activities, and for
reconstructing, enlarging, extending, improving, renovating,
modernizing and equipping existing buildings, structures
and facilities of the Mayor and City Council of Baltimore
now being used by, or under the jurisdiction of, the Police
Department of Baltimore City for or in connection with any
and all of its functions and activities, on any land or prop-
erty 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 doing any and all things
necessary, proper or expedient in connection with or per-
taining 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 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
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. 4. 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, sub-