Marvin Mandel, Governor                         427

(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
premium 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 purpose
of extending, enlarging, developing and improving the municipal
water supply and the water system of Baltimore City, including, but
not limited to, the construction, reconstruction and extension of
transmission conduits, tunnels, and distribution mains, the increasing
of the source or sources of supply, the construction of additional
storage reservoirs, additions to and extensions of existing reser-
voirs, the construction of additional pumping stations, filter basins
or plants, additions to and extensions of existing pumping stations,
filter basins or plants, any or all of the work to be done either
within or outside of the boundary lines of Baltimore City, and the
doing of all things necessary, proper or expedient 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;

Sec. 4. And be it further enacted, That this Act is hereby declared
to be an emergency measure and necessary for the immediate
preservation of the public health and safety, and having been passed
by a yea and nay vote supported by three-fifths of the members
elected to each of the two Houses of the General Assembly of Mary-
land, the same shall take effect from the date of its passage.

Approved April 26, 1972.