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Session Laws, 1972
Volume 708, Page 422   View pdf image
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422                              Laws of Maryland                      [Ch. 140

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 when-
ever 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 the sale, if any, for the cost of issuance,
including the expense 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, lease, condemnation or any other legal means, of
land or property, or any rights or interests therein, in the City of
Baltimore, and for developing, establishing, constructing, erect-
ing altering, expanding, enlarging, improving and equipping
buildings, structures and other facilities on, under or in said land or
property, or on, under or in any land or property that is now or
hereafter may be owned, or otherwise held or controlled by the
Mayor and City Council of Baltimore, or on, under or in any land or
property owned or otherwise held or controlled by any private, public
or quasi-public corporation, partnership, association, person or other
legal entity, for storing, parking and servicing self-propelled vehicles
WHICH WILL PROVIDE THE OFF-STREET PARKING RE-
QUIREMENTS OF NONPROFIT INSTITUTIONS OR PUBLIC
AGENCIES, and for the payment of any and all necessary or proper
costs and expenses connected with, or incident to doing any or all of
the aforegoing acts or things; and such proceeds may be used for any
or all of the matters or things hereinbefore mentioned in connection
with an underground structure or facility for storing, parking and
servicing self-propelled vehicles (hereafter called "parking facility")
where another building, structure or facility (hereafter called "ad-
ditional structure") is to be or may be established, constructed or
erected in whole or in part above, under, in connection with or
adjacent to a parking facility, provided that none of such proceeds
shall be used for or in connection with the construction or erection
of such additional structure, or any part thereof, or for strengthening
or adding to a parking facility in any manner necessitated by or in
connection with the construction or erection of such additional
structure; provided, no petroleum products shall be sold or offered for
sale at any entrance to, or exit from, any land so acquired or at any
entrance to, or exit from, any structure erected thereon, when any
entrance to, or exit from, any such land or structure faces a street
or highway which is more than 25 feet wide from curb to curb.

 

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Session Laws, 1972
Volume 708, Page 422   View pdf image
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