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Session Laws, 1963
Volume 671, Page 331   View pdf image (33K)
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J. MILLARD TAWES, Governor                      333

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 pre-
miums realized from the sale, if any, for the cost of issuance, includ-
ing 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 acquisi-
tion, 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, buildings, structures and facilities to be used for or in
connection with a School Administrative and Service Center to
accommodate the central administrative, supervisory and service
personnel of the Baltimore City Public Schools, and for acquiring
and installing equipment for any and all buildings, structures or
facilities authorized to be constructed or erected under the provi-
sions hereof, and for architectural and engineering services and
surveys and any other activities relating to planning for the above
mentioned buildings, structures and facilities, and for doing any and
all things necessary, proper or expedient in connection with or per-
taining to any or all of the matters or things hereinbefore mentioned.

Sec. 4. And be it further enacted, That in the expenditure of the
proceeds of sale of said bonds, the Mayor and City Council of Balti-
more shall observe the following conditions:

(a)   Subject to the provisions of the Charter of Baltimore City
relating to the Planning Commission, the Board of School Commis-
sioners of Baltimore City shall have the authority to select the site
for the construction of the buildings, structures and facilities hereby
authorized;

(b)   All plans and specifications for the construction of the build-
ings, structures and facilities, to be financed out of the proceeds
derived from the sale of the bonds herein authorized to be issued,
shall be subject to the approval of said Board of School Commis-
sioners prior to final acceptance of such plans and specifications, and
the endorsement of approval by said Board of such plans and speci-
fications shall be made thereon, and shall also be recorded by said
Board in its official minutes;

(c)   All changes in approved plans and specifications which may
be found necessary and expedient during the course of construction
shall also be subject to the approval of the Board of School Commis-
sioners of Baltimore City, and shall also be recorded by said Board
in its official minutes; and

(d)   No part of the proceeds derived from the sale of the bonds
hereby authorized to be issued shall be expended without the
approval of the Board of School Commissioners of Baltimore City.

 

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Session Laws, 1963
Volume 671, Page 331   View pdf image (33K)
 Jump to  
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