388                               Laws of Maryland                      [Ch. 127

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 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
premiums realized from sale, if any, for the cost of issuance, including
the expenses 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 improve-
ment of park, school and other properties now or hereafter owned by
the Mayor and City Council of Baltimore for park or recreational
purposes; and for the acquisition, construction, reconstruction, in-
stallation, erection, protection, extension, enlargement, renovation
or modernization of, and additions to, public park or recreational
buildings, structures or facilities; and for the acquisition and installa-
tion 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 con-
nection with or pertaining to any or all of the matters or things
hereinbefore mentioned.