SPIRO T. AGNEW, Governor                     1029

including 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 pay-
able 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
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 and 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 extending,
enlarging, developing, modernizing and improving the buildings,
structures, facilities and plant of the Baltimore City Hospitals,
located in the 4900 block of Eastern Avenue, Baltimore, Maryland,
including, but not limited to, the construction and erection of new
buildings, structures and facilities; additions, alterations and im-
provements to, and the modernization, rehabilitation and recon-
struction of, existing buildings, structures and facilities; the con-
struction, erection, relocation, paving and repaving of roads, walks,
parking lots, and other facilities; acquiring and installing equip-