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Session Laws, 1970
Volume 695, Page 668   View pdf image
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668                              Laws of Maryland                        Ch. 285

from the sale of the certificates of indebtedness to be used for
the establishment and development of a second campus for the
Community College of Baltimore, including but not limited to,
the acquisition 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 prop-
erty, or on any land or property now or hereafter owned by the
Mayor and City Council of Baltimore, new buildings, structures,
athletic and other auxiliary facilities; and for equipment for any
and all new facilities authorized to be constructed or erected by
the provisions hereof; and for architectural or engineering services
or surveys, and any other activities relating to planning for the
purposes above mentioned; 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;
authorizing said municipality to submit an ordinance or ordinances
for said purpose to the legal voters of Baltimore City; and pro-
viding generally for the issuance and sale of said certificates of
indebtedness.

Section 1. Be it enacted by the General Assembly of Maryland,
That:

(a)   The Mayor and City Council of Baltimore be and it is hereby
authorized to create a debt, and to issue and sell its certificates of
indebtedness (hereafter called "bonds") as evidence thereof, to an
amount not exceeding Five Million Seven Hundred Thousand Dollars
($5,700,000.00) the proceeds derived from the sale thereof to be
used for the purposes hereinafter mentioned, but said debt shall not
be created and said bonds shall not be issued, in whole or in part,
unless an ordinance or ordinances of the Mayor and City Council
of Baltimore providing for the issuance thereof shall be first sub-
mitted to the legal voters of Baltimore City at such time and place
as may be fixed by said ordinance or ordinances and be approved by
a majority of the votes cast at such time and place, all as required
by Section 7 of Article XI of the Constitution of Maryland; and the
Mayor and City Council of Baltimore, in submitting any ordinance
or ordinances for the issuance of said bonds, or any part thereof, to
the legal voters of Baltimore City, may submit and re-submit the
same at any municipal election as well as at any general election
to be held in Baltimore City.

(b)   The Mayor and City Council of Baltimore may submit by
one ordinance, the whole of the debt authorized by this Act to the
legal voters of Baltimore City at one time, or it may, by one or more
separate ordinances, submit a part thereof to the legal voters of
said City at different times; and any ordinance or ordinances sub-
mitting the whole or any part of such debt to the legal voters of
Baltimore City shall provide for the expenditure of the proceeds
thereof in accordance with the provisions of the Charter of the
Mayor and City Council of Baltimore, and by the municipal agency
designated in the annual Ordinance of Estimates of the Mayor and
City Council of Baltimore.

(c)  All of said bonds, or any part hereof, THEREOF, shall be
issued in accordance with a serial maturity plan so worked out as to
discharge the entire principal amount represented thereby within not
more than forty (40) years from the date of their issuance; provided,

 

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Session Laws, 1970
Volume 695, Page 668   View pdf image
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