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Session Laws, 1963
Volume 671, Page 16   View pdf image (33K)
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16                                LAWS OF MARYLAND                          [CH. 4

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:

(a)   So much thereof as may be necessary, in addition to the
premiums realized from the sale, if any, for the cost of issuance,
including the expense of engraving, printing, advertising, attorney's
fees, and all other incidental expenses connected therewith; and

(b)   The remainder of such proceeds shall be used for the acqui-
sition, by purchase, condemnation or any other legal means, of land
or property, or any rights therein, in the City of Baltimore, and for
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 buildings, structures and facilities, and for addi-
tions and improvements to, or the modernization or reconstruction
of, existing buildings, structures and facilities owned by the Mayor
and City Council of Baltimore, to be or now being used for or in
connection with the operations, functions and activities of the Mayor
and City Council of Baltimore, the Police Department of Baltimore
City and the Courts located in Baltimore City, and for acquiring and
installing equipment for any and all buildings, structures or facilities
authorized to be constructed or erected under the provisions hereof,
and for doing any and all things necessary, proper or expedient in
connection with or pertaining to any or all of the matters or things
hereinbefore mentioned; provided, however, that the Mayor and City
Council of Baltimore shall designate in any ordinance or ordinances
ordained, from time to time, to be submitted to the legal voters of
Baltimore City authorizing the issuance and sale of any bonds which
may be issued under the provisions of this Act, the particular build-
ings, structures or facilities to be constructed or erected and the
particular general use to be made thereof.

Sec. 4. And be it further enacted, That this Act is hereby
declared to be an emergency measure and necessary for the imme-
diate preservation of the public health and safety, and having been
passed by a yea and nay vote supported by three-fifths of the mem-
bers elected to each of the two Houses of the General Assembly of
Maryland, the same shall take effect from the date of its passage.

Approved February 1, 1963.

CHAPTER 4
(Senate Bill 66)

AN ACT to authorize the Mayor and City Council of Baltimore to
create a debt, and to issue and sell its certificates of indebtedness
as evidence thereof, to an amount not exceeding Five Million Dol-
lars ($5,000,000.00), the proceeds derived from the sale of the
certificates of indebtedness, not exceeding Three Million Dollars
($3,000,000.00), to be used for the acquisition, by purchase, lease,

 

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Session Laws, 1963
Volume 671, Page 16   View pdf image (33K)
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