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Session Laws, 1967
Volume 681, Page 547   View pdf image (33K)
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SPIRO T. AGNEW, Governor                       547

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 the ac-
quisition, 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 men-
tioned in connection with an underground structure or facility for
storing, parking and servicing self-propelled vehicles (hereafter
called "parking facility") where another building, structure or facil-
ity (hereafter called "additional structure") is to be or may be estab-
lished, constructed or erected in whole or in part above, under, in
connection with or adjacent to a parking facility, provided that
none of such proceeds shall be used for or in connection with the
construction 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 structure faces a street or highway which
is more than 25 feet wide from curb to curb.

Sec. 4. And be it further enacted, That the Off-Street Parking
Commission of Baltimore City is hereby vested with full power to
administer and supervise the proceeds derived from the sale of the

 

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Session Laws, 1967
Volume 681, Page 547   View pdf image (33K)
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