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Session Laws, 1966
Volume 678, Page 390   View pdf image (33K)
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390                              LAWS OF MARYLAND                       [CH. 177

Sec. 2 And be it further enacted, That the Mayor and City Council
of Baltimore be and it is hereby authorized, in the ordinance or ordi-
nances to be submitted to the legal voters of Baltimore City, from
time to time, TO REQUIRE AND ANY SUCH ORDINANCE
SHALL CONTAIN A REQUIREMENT THAT THERE SHALL BE
NO OPEN BURNING OF TRASH OR REFUSE WITHIN BALTI-
MORE CITY AND THAT THE AREA SURROUNDING THE
INCINERATOR AUTHORIZED IN THIS ACT SHALL BE
FILLED TO CREATE ADDITIONAL PARK PROPERTY, AND
(i) to determine and set forth, any or all of the following, or (ii)
to empower a majority of the Commissioners of Finance of said
municipality to pass a resolution or resolutions, from time to time,
to determine and set forth, any or all of the following:

(a)    The amount of the total debt, authorized by this Act and
the ordinance submitted to the legal voters of Baltimore City, which
shall be issued at any particular time;

(b)    The form or forms of the bonds representing the debt, or any
part thereof, so authorized to be issued at any particular time, in-
cluding any interest coupons to be attached thereto; the provisions,
if any, for the issuance of coupon bonds; the provisions, if any, for
the issuance of fully registered bonds; the provisions, if any, for the
registration as to principal of any coupon bonds; and the provisions,
if any, for the conversion and reconversion into coupon bonds of any
fully registered bonds or coupon bonds registered as to principal;

(c)    The denomination or denominations of the bonds to be issued
at any particular time, which shall not be less than One Thousand
Dollars ($1,000.00) each but may be in sums of One Thousand Dollars
($1,000.00) or any suitable multiple thereof, and the place or places
for the payment of principal and interest thereof;

(d)    The rate or rates of interest to be paid in connection with
the bonds to be issued at any particular time, not exceeding in any
case five per centum (5%) per annum, which interest shall be payable
semi-annually;

(e)    Subject to the limitations set forth in Section 1 of this Act,
the date of the bonds issued at any particular time and the maturity
dates of said bonds, including the right of redemption by the City
prior to maturity;

(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 when-
ever 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.

 

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Session Laws, 1966
Volume 678, Page 390   View pdf image (33K)   << PREVIOUS  NEXT >>


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