SPIRO T. AGNEW, Governor                       549

more by the Mayor of Baltimore City and the corporate seal of the
municipality affixed thereto duly attested by the Treasurer of the
municipality and approved by the said Board of Estimates, shall
constitute a legal and binding obligation of the Mayor and City
Council of Baltimore.

(c) In case any land or property now or hereafter owned by the
Mayor and City Council of Baltimore is sold by it to any legal
entity for the purpose of establishing and constructing on, under or
in said land or property any structure or facility contemplated by
the provisions of this Act, then the purchaser of said land or prop-
erty shall pay to the municipality at least an amount of money
equal to the full appraised value of said land or property, and in
case any such land or property is leased by the municipality to any
legal entity for any of the purposes hereinbefore mentioned, then
the lessee shall pay annually to the municipality an amount of money
equal to the reasonable rental value of said land or property. In the
event any such land or property is sold by the municipality as afore-
said and such land or property is then reconveyed back to the
municipality as security for any loan made by the municipality to
the purchaser under the provisions of this Act, then such purchaser
shall pay annually to the municipality in lieu of taxes a sum of
money equal to an amount arrived at by multiplying the assessed
valuation of said land or property for the year in which the munic-
ipality sells such land or property by the then current tax rate of
the municipality. All payments made in lieu of taxes shall be made
when real estate taxes of the municipality ordinarily become due
and payable.

Sec. 6. 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 228
(House Bill 292)

AN ACT to repeal and re-enact, with amendments, Section 98, 99 and
100 of Article 21 of the Annotated Code of Maryland (1966 Re-
placement Volume), title "Conveyancing," subtitle "Defective
Conveyances," validating deeds without clerk's certificate prior to
June 1, 1967; validating acknowledgment or deeds not properly
witnessed prior to June 1, 1967; validating certain assignments of
mortgages made prior to June 1, 1967, VALIDATING CERTAIN
AFFIDAVITS OF AGENCY ON MORTGAGES AND DEEDS
OF TRUST.

Section 1. Be it enacted by the General Assembly of Maryland,
That Sections 98, 99, and 100 of Article 21 of the Annotated Code of
Maryland (1966 Replacement Volume), title "Conveyancing," sub-