1112 LAWS OF MARYLAND [CH. 504
(d) Until all of the interest on and principal of any bonds is-
sued pursuant to the provisions of this Act have been paid in
full, the Mayor and City Council of Baltimore shall levy and impose
an annual tax on each One Hundred Dollars ($100.00) of assessable
property in the City of Baltimore at a rate sufficient to produce
revenue to pay all interest on and principal of all bonds theretofore
issued and outstanding or authorized to be issued and outstanding,
payable in the next succeeding year.
(e) All premiums resulting from the sale of any of the bonds
issued and sold pursuant to the provisions of this Act shall be
applied first to defray the cost of issuance thereof and the balance,
if any, shall be applied to the payment of interest on any of said
bonds becoming due and payable during the fiscal year in which
said bonds are issued and sold or during the next succeeding fiscal
year.
(f) The debt authorized by the provisions of this Act, and the
bonds issued and sold pursuant thereto and their transfer, and the
principal and interest payable thereon (including any profit made in
the sale thereof), shall be and remain exempt from any and all State,
county and municipal taxation in the State of Maryland.
(g) All bonds issued and sold pursuant to the provisions of this
Act shall be sold at public sale to the highest responsible bidder
or bidders therefor after due notice of such sale, but the Mayor
and City Council of Baltimore, or the Commissioners of Finance,
as the case may be, shall have the right to reject any or all bids
therefor for any reason, and thereafter reoffer such bonds at public
sale as aforesaid or at private sale, provided that if such bonds be
offered at private sale they shall be offered for sale and sold for
not less than par and accrued interest.
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 ordinances to be submitted to the legal voters of Baltimore City,
from time to time, (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,
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 pro-
visions, 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
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