Theodore R. McKeldin, Governor                    59

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 certifi-
cates 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 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 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,
and if said certificates of indebtedness are issued in series, the net
premiums resulting from 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.

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, submit a part of said loan to the
legal voters of said City at different times; and any ordinance or or-
dinances submitting the whole or any part of this loan to the legal
voters of Baltimore City shall provide for the expenditure of the
proceeds thereof in accordance with the provisions of the Charter of
the Mayor and City Council of Baltimore, and by the municipal
agency designated in the annual Ordinances of Estimates of the
Mayor and City Council of Baltimore.

Sec. 5. And be it further enacted, That this Act is hereby de-
clared to be an emergency law and necessary for the immediate pres-
ervation of the public health and safety and having been passed by a
yea and nay vote, supported by three-fifths of all the members elected
to each of the two Houses of the General Assembly, the same shall
take effect from the date of its passage.

Approved March 26, 1956.

CHAPTER 14
(House Bill 13)

AN ACT to add Section 58A to Article 65 of the Annotated Code of
Maryland, (1951 Edition), title "Militia", to follow immediately
after Section 58 thereof, authorizing the Military Department to
acquire by purchase or condemnation certain real properties lying

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.