Marvin Mandel, Governor                         425

tions, filter basins or plants, additions to and extensions of exist-
ing pumping stations, filter basins or plants, any or all of the work
to be done either within or outside of the boundary lines of Balti-
more City, and the doing of all things necessary, proper or ex-
pedient to secure a full and adequate supply of water for the City
of Baltimore and its inhabitants and such other persons or other
legal entities as may now or hereafter be lawfully furnished water
by the Mayor and City Council of Baltimore; authorizing said
municipality to submit an ordinance or ordinances for said purpose
to the legal voters of Baltimore City, and providing 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 Three Million Five Hundred Thousand Dol-
lars ($3,500,000.00), 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 ordi-
nance or ordinances for the issuance of said bonds, or any part thereof,
to the legal voters of Baltimore City, may submit and resubmit 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 desig-
nated in the annual Ordinance of Estimates of the Mayor and City
Council of Baltimore.

(c)    All of said bonds, or any part 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,
however, that it shall not be necessary to provide for the maturity of
any part of the principal amount represented by any of said bonds
for the first five (5) years from the date of their issuance.

(d)    Until all of the interest on and principal of any bonds issued
pursuant to the provisions of this Act have been paid in full, the
Mayor and City Council of Baltimore shall levy and impose an annual
tax on each One Hundred Dollars ($100.00) of assessable property