Marvin Mandel, Governor                         673

or ordinances to be submitted to the legal voters of Baltimore City,
from time to time, (i) to determine and set forth, any or all of
the following, or (ii) to empower a majority of the Commissioners
of Finance of said municipality to pass a resolution or resolu-
tions, from time to time, to determine and set forth, any or all
of the following :

(a)  The amount of the total debt, authorized by this Act and
the ordinance submitted to the legal voters of Baltimore City, which
shall be issued at any particular time;

(b)  The form or forms of the bonds representing the debt, or
any part thereof, so authorized to be issued at any particular time,
including any interest coupons to be attached thereto; the pro-
visions, if any, for the issuance of coupon bonds; the provisions, if
any, for the issuance of fully registered bonds; the provision, if
any, for the registration as to principal of any coupon bonds; and
the provisions, if any, for the conversion and reconversion into
coupon bonds of any fully registered bonds or coupon bonds regis-
tered as to principal;

(c)  The denomination or denominations of the bonds to be issued
at any particular time, which shall not be less than One Thousand
Dollars ($1,000.00) each but may be in sums of One Thousand
Dollars ($1,000.00) or any suitable multiple thereof, and the place
or places for the payment of principal and interest thereof;

(d)   The rate or rates of interest to be paid in connection with
the bonds to be issued at any particular time, which interest shall
be payable semi-annually;

(e)  Subject to the limitations set forth in Section 1 of this Act,
the date of the bonds issued at any particular time and the maturity
dates of said bonds, including the right of redemption by the City
prior to maturity;

(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 whenever any of the bonds authorized by this Act are offered
for sale and sold at the same time as other bonds of said corpora-
tion, 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,