SPIRO T. AGNEW, Governor                      1065

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,
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 acquisi-
tion, by purchase, condemnation or any other legal means, of land
or property, or any rights therein, in the City of Baltimore, and
constructing and erecting on said land or property, or on any land
or property now or hereafter owned by the Mayor and City Council
of Baltimore, new school buildings, athletic and other auxiliary
facilities, and for additions and improvements to, or the moderniza-
tion or reconstruction of, existing school buildings or facilities, and
for equipment for any and all new facilities authorized to be
constructed or erected by the provisions hereof, and for architec-
tural or engineering services or surveys, and any other activities
relating to planning for the purposes above mentioned or relating
to planning for future projects of the same general character which
may be constructed out of future loans.

Sec. 4. And be it further enacted, That in the expenditure of the
proceeds of sale of said bonds, the Mayor and City Council of
Baltimore shall observe the following conditions:

(a)   Subject to the provisions of the Charter of Baltimore City
relating to the Planning Commission, the Board of School Commis-
sioners of Baltimore City shall have the authority to select sites
for the construction of the new school buildings hereby authorized;

(b)   All plans and specifications for the construction or recon-
struction of school buildings, or for additions or improvements to
school buildings, to be financed out of the proceeds derived from
the sale of the bonds herein authorized to be issued, shall be subject
to the approval of said Board of School Commissioners prior to
final acceptance of such plans and specifications, and the endorse-
ment of approval by said Board of such plans and specifications
shall be made thereon, and shall also be recorded by said Board
in its official minutes;

(c)  All changes in approved plans and specifications which may
be found necessary and expedient during the course of construction
shall also be subject to the approval of the Board of School Com-
missioners of Baltimore City, and shall also be recorded by said
Board in its official minutes; and