Theodore R. McKeldin, Governor                    867

rived from the sale of the certificates of indebtedness authorized to be
issued by this Act shall be used only for or in connection with the
Federal Urban and Interstate Highway Systems located within the
boundary lines of Baltimore City. AND PROVIDED FURTHER
THAT NONE OF THE PROCEEDS DERIVED FROM THE SALE
OF THE CERTIFICATES OF INDEBTEDNESS AUTHORIZED
HEREIN SHALL BE USED FOR ANY PURPOSE FOR THAT
PORTION OF THE PROPOSED EAST-WEST RADIAL HIGH-
WAY LYING EAST OF WOLFE STREET, WEST OF LINWOOD
AVENUE, SOUTH OF THE PENNSYLVANIA RAILROAD AND
NORTH OF ASHLAND AVENUE AND FOR THAT PORTION
LYING BETWEEN READ STREET AND PARK AVENUE IN
THE VICINITY OF TYSON STREET IN SAID CITY, OR FOR
THAT PORTION OF THE PROPOSED SOUTH-WEST EXPRESS-
WAY LYING WITHIN ANY PORTION OF CARROLL PARK.

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 certifi-
cates of indebtedness may or may not be registered, and said certifi-
cates 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
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. If said certifi-
cates of indebtedness are issued in series, the net premiums resulting
from the 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 ordi-
nances 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 shall take effect
June 1, 1957.

Approved April 10, 1957.