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Session Laws, 1962 (Special Session 1), House and Senate Journals
Volume 649, Page 19   View pdf image (33K)
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J. MILLARD TAWES, Governor 19

[(i)] authorized, in the ordinance or ordinances to be submitted
to the legal voters of Baltimore City, from time to time, (i) to de-
termine and set forth any or all of the following, or (ii) [empowered]
to [authorize] empower a majority of the Commissioners of Finance
of said municipality to pass a resolution or resolutions, from time
to time, to determine and set forth, any or all of the following:

(a) The amount of the total debt, authorized by this Act and the
ordinance submitted to the legal voters of Baltimore City, which
shall be issued at any particular time;

(b) The form or forms of the bonds representing the debt, or
any part thereof, so authorized to be issued at any particular time,
including any interest coupons to be attached thereto; the pro-
visions, if any, for the issuance of coupon bonds; the provisions,
if any,
for the issuance of fully registered bonds; the provisions,
if any, for the registration as to principal of any coupon bonds;
and the provisions, if any, for the conversion and reconversion
into coupon bonds of any fully registered bonds or coupon bonds
registered as to principal;

(c) The denomination or denominations of the bonds to be issued
at any particular time, which shall not be less than One Thousand
Dollars ($1, 000. 00) each but may be in sums of One Thousand
Dollars ($1, 000. 00) or any suitable multiple thereof, and the place
or places for the payment of principal and interest thereof;

(d) The rate or rates of interest to be paid in connection with
the bonds to be issued at any particular time, not exceeding in any
case five per centum (5%) per annum, which interest shall be
payable semi-annually;

(e) Subject to the limitations set forth in Section 1 of this Act,
the date of the bonds issued at any particular time and the maturity
dates of said bonds, including the right of redemption by the City
prior to maturity;

(f) The time, place, manner and medium of advertisement of
the readiness of the Commissioners of Finance to receive bids for
the purchase of the bonds authorized to be issued hereunder, or
any part thereof; the form, terms and conditions of such bids;
the time, place and manner of awarding bonds so bid for, including
the right whenever any of the bonds authorized by this Act are
offered for sale and sold at the same time as other bonds of said
corporation, to establish the conditions for bids and awards and to
award all of said bonds on an all or none basis; and the time, place,
terms and manner of settlement for the bonds so bid for.

The ordinance to be submitted to the legal voters of Baltimore
City, or the resolution of the Commissioners of Finance author-
izing the issuance of said bonds, or any portion thereof, as the
case may be, shall set forth in detail the dates when any of the
bonds are to mature and the amount to mature upon such dates.

SEC. 3. And be it further enacted, That Section 2 of Chapter 209
of the Laws of Maryland of 1961 be and the same is hereby re-
pealed and re-enacted, with amendments, to read as follows:

2.

That the Mayor and City Council of Baltimore be and it is hereby


 

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Session Laws, 1962 (Special Session 1), House and Senate Journals
Volume 649, Page 19   View pdf image (33K)
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