434                               Laws of Maryland                      [Ch. 143

Dollars ($1,000.00) each but may be in sums of One Thousand
Dollars ($1,000.00) or any suitable multiple thereof, and the place
or places for the payment of principal and interest thereof;

(d)    The rate or rates of interest to be paid in connection with
the bonds to be issued at any particular time, which interest shall
be payable semi-annually;

(e)    Subject to the limitations set forth in Section 1 of this Act,
the date of the bonds issued at any particular time and 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 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 Financing 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 pur-
pose of enlarging, extending, altering, modernizing and improving
the sanitary sewerage and storm water drainage systems of Balti-
more City, including, but not limited to, the construction of addi-
tional sewage disposal plants, pumping stations and other ap-
purtenances, the alteration, enlargement, modernization and
improvement of existing sewage disposal plants, pumping stations
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.