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Session Laws, 1972
Volume 708, Page 432   View pdf image
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432                              Laws of Maryland                      [Ch. 143

and other appurtenances, and the acquisition by purchase or con-
demnation of any and all sanitary and storm water sewers, sewage
disposal plants, pumping stations and other appurtenances, as well
as of any and all land and property, and of any right, interest
franchise, easement or privilege therein, as may be necessary for
any or all of the above mentioned purposes, and doing any and all
things necessary, proper or expedient in connection with or per-
taining to any or all of the matters or things hereinbefore men-
tioned, and any or all of said work or acquisition of property may
be done either within or outside of the boundary lines of Baltimore
City; conferring certain powers upon said municipality in connec-
tion with the purchase and condemnation of land and property to
enable it to accomplish and effectuate the objectives and purposes
of this Act; 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 Five Million Eight Hundred Thousand Dollars
($5,800,000.00), 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 submitted
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 ordinance
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
designated 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

 

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Session Laws, 1972
Volume 708, Page 432   View pdf image
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