304                             LAWS OF MARYLAND                      [CH. 167

(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 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:

(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 or in con-
nection with planning, developing, executing and making operative
the Urban Renewal Program of the Mayor and City Council of Balti-
more, including, but not limited to:

(i) The acquisition, by purchase, lease, condemnation or any other
legal means, of land or property, or any right, interest, franchise,
easement or privilege therein, in the City of Baltimore;

(ii) The payment of any and all costs and expenses incurred in
connection with or incidental to the acquisition and management of
said land or property, including any and all rights or interests
therein hereinbefore mentioned;

(iii) The payment of any and all costs and expenses incurred for
or in connection with relocating and moving persons or other legal
entities displaced by the acquisition of said land or property, or any
of the rights or interests therein hereinbefore mentioned;

(iv) The development or redevelopment, including, but not limited
to, the comprehensive renovation or rehabilitation of any land or
property, or any rights or interests therein hereinbefore mentioned,
in the City of Baltimore, and the disposition of land and property
for such purposes;

(v) The elimination of unhealthful, unsanitary or unsafe condi-
tions, lessening density, eliminating obsolete or other uses detrimen-
tal to the public welfare or otherwise removing or preventing the
spread of blight or deterioration in the City of Baltimore;

(vi) The demolition, removal, relocation, renovation or alteration
of land, buildings, streets, highways, alleys, utilities or services, and
other structures or improvements, and for the construction, recon-
struction, installation, relocation or repair of buildings, streets, high-