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Session Laws, 1967
Volume 681, Page 539   View pdf image (33K)
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SPIRO T. AGNEW, Governor                       539

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 extend-
ing, enlarging, developing, modernizing and improving the build-
ings, 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-
ment for any and all buildings, structures or facilities authorized to
be constructed or erected by the provisions hereof, and doing any
and all things necessary, proper or expedient in connection with or
pertaining to any or all of the matters or things hereinbefore men-
tioned.

Sec. 4. And be it further enacted, That this Act is hereby
declared to be an emergency measure and necessary for the im-
mediate preservation of the public health and safety, and having
been passed by a yea and nay vote supported by three-fifths of the
members elected to each of the two Houses of the General Assembly
of Maryland, the same shall take effect from the date of its passage.

Approved April 14, 1967.

CHAPTER 226
(House Bill 286)

AN ACT to authorize the Mayor and City Council of Baltimore to
create a debt, and to issue and sell its certificates of indebtedness
as evidence thereof, to an amount not exceeding Three Million
Nine Hundred Thousand Dollars ($3,900,000.00), the proceeds

 

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Session Laws, 1967
Volume 681, Page 539   View pdf image (33K)
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