J. MILLARD TAWES, GOVERNOR                               245

engineers or architects or other persons possessing technical or spe-
cialized skills in connection with the duties and powers of the Com-
mission. The Commission shall exercise all powers and authority
conferred upon it in accordance with the provisions of the Charter
of the Mayor and City Council of Baltimore as it is now constituted
or as it hereafter may be amended.

Sec. 5. And be it further enacted, That:

(a)     No part of the proceeds of sale of the bonds hereby author-
ized to be issued shall be expended until after The Off-Street Parking
Commission of Baltimore City has submitted its written recommenda-
tion, which shall set forth the purposes for, and the terms and con-
ditions upon, which each particular sum of money is to be expended,
to the Board of Estimates of the Mayor and City Council of Balti-
more and such recommendation has been approved by said Board of
Estimates.

(b)     In addition, no part of the proceeds of sale of the bonds
hereby authorized to be issued shall be expended for actually con-
structing, erecting, altering, expanding, enlarging, improving or equip-
ping any building, structure or facility on, under or in any land or
property, regardless of who owns or otherwise holds or controls any
such land or property, for storing, parking and servicing self-pro-
pelled vehicles (as distinguished from funds which are necessary to
be expended in connection with the acquisition of land or property or
the preparation of plans or the employment of assistants, aides and
employees of The Off-Street Parking Commission of Baltimore City
or other matters or things which are usually and generally prelimi-
nary to the commencement of actual construction work) until after
the municipal corporation, with the approval of its Board of Esti-
mates, shall have entered into a binding contract with a private,
public or quasi-public corporation, partnership, association, person
or other legal entity secured to the satisfaction of the said Board of
Estimates, under the terms of which the Mayor and City Council of
Baltimore will be reimbursed for at least all expenditures of money
made by it in connection with the particular project involved, and
for all interest charges paid or to be paid by the Mayor and City
Council of Baltimore on all funds borrowed by it and expended in
connection with the particular project involved, and for all estimated
real estate taxes that the Mayor and City Council of Baltimore will
lose as a result of it acquiring any land or property involved in the
particular project. Any such contract, after it has been executed on
behalf of the Mayor and City Council of Baltimore by the Mayor of
Baltimore City and the corporate seal of the municipality affixed
thereto duly attested by the Treasurer of the municipality and ap-
proved by the said Board of Estimates, shall constitute a legal and
binding obligation of the Mayor and City Council of Baltimore.

(c)     In case any land or property now or hereafter owned by the
Mayor and City Council of Baltimore is sold by it to any legal entity
for the purpose of establishing and constructing on, under or in said
land or property any structure or facility contemplated by the pro-
visions of this Act, then the purchaser of said land or property shall
pay to the municipality at least an amount of money equal to the full
appraised value of said land or property, and in case any such land or
property is leased by the municipality to any legal entity for any of
the purposes hereinbefore mentioned, then the lessee shall pay an-
nually to the municipality an amount of money equal to the reason-