1790                             Laws of Maryland                      [Ch. 710

FIFTY-FIVE THOUSAND DOLLARS ($155,000) for the purpose
of reimbursement to the Mayor and City Council of Baltimore for
constructing, erecting and equipping a detention center for women
on any land or property now or hereafter owned or controlled by
the Mayor and City Council of Baltimore, 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; and providing generally for the issuance ISSUE and
sale of bonds evidencing such loan.

Section 1. Be it enacted by the General Assembly of Maryland,
That the Board of Public Works is hereby authorized and directed
EMPOWERED to issue a State loan LOAN, to be known as the "Balti-
more City Detention Center for Women Loan of 1972," in the aggre-
gate amount of One Hundred Fifty-Two Thousand Nine Hundred
and One Dollars and Thirty two Cents ($152,901.32) ONE HUN-
DRED FIFTY-FIVE THOUSAND DOLLARS ($155,000).

The certificates of indebtedness (hereinafter called "bonds") evi-
dencing said loan may be issued all at one time or, in groups, from
time to time, as hereinafter provided. All of said bonds evidencing
said loan, or any group thereof, shall be issued according to a serial
maturity plan to be established in the resolution authorizing the
issuance of said loan or any portion thereof, which plan need not
be in equal par amounts or in consecutive annual installments but
shall be so worked out as to discharge the principal represented by
said bonds within fifteen (15) years from the date of issue. It shall
not be necessary to provide for the payment of any part of the prin-
cipal represented by any of said bonds for the first two (2) years
from the date of issuance.

The Board of Public Works is hereby authorized and empowered
to pass a resolution or resolutions, from time to time, determining
and setting forth:

(a)    The proportion of the total loan authorized by this Act which
shall be issued at any particular time.

(b)    The form of the bond representing the loan or part thereof
so authorized to be issued at any particular time, including any in-
terest coupons to be attached thereto, and provisions for the issu-
ance of bonds in coupon form and for the registration of coupon
bonds as to principal only.

(c)    The denomination or denominations of the bonds to be issued
at any particular time, which may not be less than One Hundred
Dollars ($100) but may be in sums of One Hundred Dollars ($100)
or any suitable multiple thereof, and the place or places of payment
of principal and interest THEREON.

(d)    The rate or rates of interest of ON the bonds to be issued at
any time, payable semi-annually.

(e)    The date of the bonds issued at any particular time, and
within the limits prescribed by Article III, Section 34 of the Con-
stitution of Maryland, the payment dates of said bonds.

The resolution authorizing the issuance of said loan or any por-
tion thereof shall set forth in detail the dates when any of the bonds
representing said loan or any portion thereof are to be paid and