Theodore R. McKeldin, Governor                    45

CHAPTER 8
(House Bill 2)

AN ACT to authorize the Mayor and City Council of Baltimore to
issue certificates of indebtedness of said corporation to an amount
not exceeding Fifteen Million Dollars ($15,000,000), the proceeds
of the same to be used for the acquisition, by purchase, condemna-
tion or any other legal means, of land or property, or any rights
therein, in the City of Baltimore, and constructing and erecting
on said land or property, or on any land or property now or here-
after owned by the Mayor and City Council of Baltimore, new
school buildings, athletic and other auxiliary facilities, and for
additions and improvements to, or the modernization or recon-
struction of, existing school buildings or facilities, and for equip-
ment for any and all new facilities authorized to be constructed or
erected by the provisions hereof, and for architectural or engineer-
ing services or surveys, and any other activities relating to plan-
ning for the purposes above mentioned or relating to planning for
future projects of the same general character, which may be con-
structed out of future loans; conferring certain powers upon the
Board of School Commissioners of Baltimore City; imposing certain
conditions in connection with the expenditure of the proceeds
derived from the sale of said certificates of indebtedness; author-
izing said municipality to submit an ordinance or ordinances for
said purpose to the legal voters of Baltimore City; and declaring
this Act to be an emergency law.

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 Fifteen Million Dollars ($15,000,000), the
said certificates of indebtedness to be issued from time to time and
for such amounts, and 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 major-
ity 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 there-
of, 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
said certificates of indebtedness hereby authorized to be issued, not

Explanation: Italics indicate new matter added to existing law.
[Brackets] indicate matter stricken from existing law.
CAPITALS indicate amendments to bill.
Strike out indicates matter stricken out of bill.