1140                           LAWS OF MARYLAND                      [CH. 528

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 Dol-
lars ($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 condition 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 acquisi-
tion, by purchase or condemnation or any other legal means, of
land or property in the City of Baltimore and establishing thereon
or therein, or on or in land or property now or hereafter owned by
the Mayor and City Council of Baltimore, new parks, playgrounds,
playfields, playlots, recreational centers or recreational buildings;
and for the design, redesign, development, redevelopment and im-
provement of park, school and other properties now or hereafter
owned by the Mayor and City Council of Baltimore for park or