SPIRO T. AGNEW, Governor                      1095

shall be subject to the approval of the Board of Estimates of the
Mayor and City Council of Baltimore and shall be paid as provided
in the annual Ordinance of Estimates of said municipality. The Com-
mission, with the prior approval of the Board of Estimates, may
employ or hire, from time to time, by contract, consulting, planning
or designing engineers or architects or other persons possessing tech-
nical or specialized skills in connection with the duties and powers
of the Commission. The Commission shall exercise all powers and
authority conferred upon it in accordance with the provisions of the
Charter of the Mayor and City Council of Baltimore as it is now
constituted or as it hereafter may be amended.

Sec. 5. And be it further enacted, That:

(a)   No part of the proceeds of sale of the bonds hereby author-
ized to be issued shall be expended until after the Off-Street Park-
ing Commission of Baltimore City has submitted its written recom-
mendation, which shall set forth the purposes for, and the terms and
conditions upon, which each particular sum of money is to be ex-
pended, to the Board of Estimates of the Mayor and City Council
of Baltimore and such recommendation has been approved by said
Board of Estimates.

(b)   In addition, no part of the proceeds of sale of the bonds
hereby authorized to be issued shall be expended for actually con-
structing, erecting, altering, expanding, enlarging, improving or
equipping any building, structure or facility on, under or in any land
or property, regardless of who owns or otherwise holds or controls
any such land or property, for storing, parking and servicing self-
propelled vehicles (as distinguished from funds which are necessary
to be expended in connection with the acquisition of land or prop-
erty or the preparation of plans or the employment of assistants,
aides and employees of the Off-Street Parking Commission of Balti-
more City or other matters or things which are usually and gen-
erally preliminary to the commencement of actual construction work)
until after the municipal corporation, with the approval of its Board
of Estimates, shall have entered into a binding contract with a pri-
vate, public or quasi-public corporation, partnership, association,
person or other legal entity secured to the satisfaction of the said
Board of Estimates, under the terms of which the Mayor and City
Council of Baltimore will be reimbursed for at least all expenditures
of money made by it in connection with the particular project
involved, and for all interest charges paid or to be paid by the Mayor
and City Council of Baltimore on all funds borrowed by it and
expended in connection with the particular project involved, and for
all estimated real estate taxes that the Mayor and City Council of
Baltimore will lose as a result of it acquiring any land or property
involved in the particular project. Any such contract, after it has
been executed on behalf of the Mayor and City Council of Baltimore
by the Mayor of Baltimore City and the corporate seal of the munic-
ipality affixed thereto duly attested by the Treasurer of the munic-
ipality 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