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Session Laws, 1957
Volume 640, Page 301   View pdf image (33K)
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Theodore R. McKeldin, Governor                    301

activities, 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 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 men-
tioned; and to authorize said municipality to submit an ordinance
or ordinances for said purpose to the legal voters of Baltimore City.

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 corpora-
tion to an amount not exceeding One Million Dollars ($1,000,000),
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 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
the certificates of indebtedness hereby authorized to be issued, not
exceeding the par value thereof, shall be used for the acquisition, by
purchase, 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 buildings, structures and facilities to be used
by the Police Department of Baltimore City for or in connection 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 juris-
diction of, the Police Department of Baltimore City for or in connec-
tion with any and all of its functions and activities, 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 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 payable 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 provided by or
under the authority of said ordinance or ordinances, and said certifi-

 

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Session Laws, 1957
Volume 640, Page 301   View pdf image (33K)
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