J. MILLARD TAWES, GOVERNOR                              51

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
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 pay-
able 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 certificates 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 estab-
lished 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 ordi-
nance or ordinances submitting the whole or any part of this loan
to the legal voters of Baltimore City shall provide for the expendi-
ture 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 measure and necessary for the immediate
preservation of the public health and safety, and having been passed
by a yea and nay vote supported by three-fifths of 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 February 16, 1959.

CHAPTER 44
(House Bill 12)

AN ACT to repeal and re-enact, with amendments, Section 185 (a)
of Article 66½ of the Annotated Code of Maryland (1957 Edi-

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.