SPIRO T. AGNEW, Governor                        1089

(f) The time, place, manner and medium of advertisement of the
readiness of the Commissioners of Finance to receive bids for the
purchase of the bonds authorized to be issued hereunder, or any part
thereof; the form, terms and conditions of such bids; the time, place
and manner of awarding bonds so bid for, including the right when-
ever 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, 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 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 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 street lighting
units and facilities to other units and facilities, and the acquisition,
installation and erection of any and all materials, equipment, light-
ing units, structures and facilities needed to properly illuminate
the aforementioned public ways, 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 herein 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 573
(Senate Bill 458)

AN ACT to reduce the total amount of debt which the Mayor and
City Council of Baltimore is authorized to create under the terms
and provisions of Chapter 492 of the Laws of Maryland of 1957