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Session Laws, 1967
Volume 681, Page 1033   View pdf image (33K)
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SPIRO T. AGNEW, Governor                     1033

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 pre-
miums realized from the sale, if any. for the cost of issuance, in-
cluding 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 acqui-
sition, by purchase, lease, condemnation or any other legal means,
of land or property, or any rights or interests therein, in the City
of Baltimore, and for developing, establishing, constructing, erect-
ing, altering, expanding, enlarging, improving and equipping build-
ings, structures and other facilities on, under or in said land or
property, or on, under or in any land or property that is now or
hereafter may be owned, or otherwise held or controlled by the
Mayor and City Council of Baltimore, or on, under or in any land
or property owned or otherwise held or controlled by any private,
public or quasi-public corporation, partnership, association, person
or other legal entity, for storing, parking and servicing self-propelled
vehicles, and for the payment of any and all necessary or proper
costs and expenses connected with, or incident to doing any or all
of the aforegoing acts or things; and such proceeds may be used
for any or all of the matters or things hereinbefore mentioned in
connection with an underground structure or facility for storing,
parking and servicing self-propelled vehicles (hereafter called "park-
ing facility") where another building, structure or facility (here-
after called "additional structure") is to be or may be established,
constructed or erected in whole or in part above, under, in connec-
tion with or adjacent to a parking facility, provided that none of
such proceeds shall be used for or in connection with the construc-
tion or erection of such additional structure, or any part thereof,
or for strengthening or adding to a parking facility in any manner
necessitated by or in connection with the construction or erection of
such additional structure; provided, no petroleum products shall be
sold or offered for sale at any entrance to, or exit from, any land
so acquired or at any entrance to, or exit from, any structure erected
thereon, when any entrance to, or exit from, any such land or struc-
ture faces a street or highway which is more than 25 feet wide
from curb to curb.

 

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Session Laws, 1967
Volume 681, Page 1033   View pdf image (33K)
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