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Session Laws, 1966
Volume 678, Page 116   View pdf image (33K)
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116                              LAWS OF MARYLAND                        [CH. 90

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 purpose
of extending, improving and modernizing the lighting system used
for the illumination of the highways, streets, alleys and other public
ways in the City of Baltimore, including, but not limited to, the
conversion of ornamental incandescent residential street lighting
units and facilities to mercury vapor OTHER units and facilities, and
the acquisition, installation and erection of any and all materials,
equipment, lighting units, structures and facilities needed to properly
illuminate the aforementioned public ways, 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 herein mentioned.

Sec. 4. And be it further enacted, That this Act is hereby declared
to be an emergency measure and necessary for the immediate preser-
vation of the public health and safety, and having been passed by a
yea and nay vote supported by three-fifths of the members 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 March 23, 1966.

CHAPTER 90
(House Bill 100)

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 twelve million
dollars ($12,000,000.00), the proceeds derived from the sale of the
certificates of indebtedness to be used for the acquisition, by pur-
chase, condemnation or any other legal means, of land or property,
or any rights therein, including any property rights in, over or
under the northwest branch of the Patapsco River, located in a
generally described area in the City of Baltimore, and for a com-
prehensive system of development, redevelopment, rehabilitation
and improvement of such property and any other land or property
located in said area now or hereafter owned or controlled by the
Mayor and City Council of Baltimore, to advance and promote the
economic, cultural, health, social and general welfare of the inhabi-
tants of Baltimore City, including, but not limited to, planning,
developing, extending, performing and making operative the Urban

 

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Session Laws, 1966
Volume 678, Page 116   View pdf image (33K)   << PREVIOUS  NEXT >>


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