230                               Laws of Maryland                       [Ch. 208

Sec. 2. And be it further enacted, That the Mayor and City Coun-
cil of Baltimore be and it is hereby (i) authorized, in the ordinance or
ordinances to be submitted to the legal voters of Baltimore City,
from time to time, to determine and set forth, any or all of the
following, or (ii) empowered to authorize a majority of the Com-
missioners 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 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 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 provi-
sions, 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 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 when-
ever 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 settle-
ment 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 authorizing
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 the actual cash proceeds
derived from the sale of the bonds authorized to be issued under
the provisions of this Act, not exceeding the par value thereof,
shall be used exclusively for the following purposes, to wit: