804                               Laws of Maryland                        [Ch. 489

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 Ten Million Dollars ($10,000,000.00),
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
Hate or rates of interest, all as the Mayor and City Council of Balti-
more 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 sub-
mitted to the legal voters of Baltimore City at such time and places
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 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 said cer-
tificates of indebtedness hereby authorized to be issued, not exceeding
the par value thereof, Shall be used for the acquisition, by purchase,
lease, condemnation or any other legal means, of land or property,
or any right, interest, franchise, easement or privilege therein, in the
City of Baltimore, for development or redevelopment, including, but
not limited to, the comprehensive renovation or rehabilitation thereof
or for the purpose of eliminating unhealthful, unsanitary or unsafe
conditions, lessening density, eliminating obsolete or other uses detri-
mental to the public welfare, or otherwise for removing or prevent-
ing the spread of blight or deterioration, and for the payment of
any and all costs and expenses incurred in connection with or inci-
dental to, the acquisition of said land or property, including the costs
and expenses of relocating persons or other legal entities displaced
by the acquisition of said land or property or rights or interests
therein, and for the demolition, removal, relocation, renovation or
alteration of land, buildings, streets, highways, alleys, utilities or
services, and other structures or improvement, and for the construc-
tion, reconstruction, installation, relocation or repair of streets, high-
Ways, alleys, utilities or services, in connection with the development
or redevelopment of land or property, including the Comprehensive
renovation or rehabilitation thereof, as aforesaid; all of such land
or property to be acquired, developed, redeveloped, renovated, re-
habilitated, altered, improved, held or disposed of as provided by law.

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 riot 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