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Session Laws, 1968
Volume 683, Page 1086   View pdf image
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1086                            LAWS OF MARYLAND                       CH. 572

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, includ-
ing 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, play-
fields, playlots, recreational centers or recreational buildings; and for
the design, redesign, development, redevelopment and improvement
of park, school and other properties now or hereafter owned by the
Mayor and City Council of Baltimore for park or recreational pur-
poses; and for the acquisition, construction, reconstruction, installa-
tion, erection, protection, extension, enlargement, renovation or mod-
ernization of, and additions to, public park or recreational buildings,
structures or facilities; and for the acquisition and installation of
equipment for any and all new facilities authorized to be constructed,
erected or established under the provisions hereof, and for doing any
and all things necessary, proper or expedient in connection with or
pertaining to any or all of the matters or things hereinbefore
mentioned.

Sec. 4. And be it further enacted, That this Act is hereby de-
clared to be an emergency measure and necessary for the immediate
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 Mary-
land, the same shall take effect from the date of its passage.

Approved May 7, 1968.

CHAPTER 572
(Senate Bill 457)

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 One Million Two
Hundred Thousand Dollars ($1,200,000.00), the proceeds derived
from the sale of the Certificates of Indebtedness to be used for
the purpose of extending, improving and modernizing the lighting
system used for the illumination of the highways, streets, alleys
and other public ways in the City of Baltimore, including, but not
limited to, the conversion of ornamental incandescent residential

 

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Session Laws, 1968
Volume 683, Page 1086   View pdf image
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