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Session Laws, 1959
Volume 642, Page 47   View pdf image (33K)
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J. MILLARD TAWES, GOVERNOR                                47

CHAPTER 42
(Senate Bill 230)

AN ACT to authorize the Mayor and City Council of Baltimore to
issue the certificates: of indebtedness of said corporation to an
amount not exceeding Forty Million Dollars ($40,000,000), the
proceeds of the same to 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 constructing and
erecting on said land or property, or on any land or property now
or hereafter 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 re-
construction of, existing school buildings or facilities, and for
equipment for any and all new facilities authorized to be con-
structed or erected by the provisions hereof, and for architectural
or engineering services or surveys, and any other activities re-
lating to planning for the purposes above mentioned or relating
to planning for future projects of the same general character,
which may be constructed out of future loans; conferring certain
powers upon the Board of School Commissioners of Baltimore
City; imposing certain conditions in connection with the expend-
iture of the proceeds derived from the sale of said certificates of
indebtedness; and authorizing 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 corporation
to an amount not exceeding Forty Million Dollars ($40,000,000), 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 Bal-
timore 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 ap-
proved 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 in-
debtedness, 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
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.

 

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Session Laws, 1959
Volume 642, Page 47   View pdf image (33K)
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