284                               LAWS OF MARYLAND                        [CH. 202

WHEREAS, it is now necessary that the Mayor and City Council of
Baltimore be authorized and empowered to borrow funds to extend,
enlarge, develop and improve its raw water supply and its water
system; therefore

SECTION 1. Be it enacted by the General Assembly of Maryland,
That the Mayor and City Council of Baltimore be and it is hereby
authorized to issue the certificates of indebtedness of said corporation
to an amount not exceeding forty-five Million Dollars ($45,000,000),
said certificates of 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 ordinances of the Mayor and City Council of
Baltimore providing 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 approved by a majority
of the votes cast at such time and place as required by Section 7 of
Article XI of the Constitution 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 resubmit 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 authorized to be issued, not
exceeding the par value thereof, shall be used for the purpose of
extending, enlarging, developing and improving the municipal water
supply and the water system of Baltimore City, including, but not
limited to, the construction, reconstruction and extension of trans-
mission conduits, tunnels, and distribution mains, the increasing of
the. source or sources of supply, the construction of additional storage
reservoirs, additions to and extensions of existing reservoirs, the
construction of additional pumping stations, filter basins or plants,
additions to and extensions of existing pumping stations, filter basins
or plants, any or all of the work to be done either within or outside
of the boundary lines of Baltimore City, and the doing of all things
necessary, proper or expedient to secure a full and adequate supply
of water for the City of Baltimore and its inhabitants and such other
persons or other legal entities as may now or hereafter be lawfully
furnished water by the Mayor and City Council of Baltimore.

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 prin-
cipal 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 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