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Session Laws, 1972
Volume 708, Page 438   View pdf image
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438                              Laws of Maryland                      [Ch. 145

The ordinance to be submitted to the legal voters of Baltimore
City, or the resolution of the Commissioners of Finance author-
izing 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 expenses 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 or in
connection with planning, developing, and making operative a com-
prehensive system for the disposal of solid wastes, including, but
not limited to, the following, in connection with said solid waste
disposal system: the acquisition, by purchase or condemnation, or
any other legal means, of land or property, or any rights therein,
in the City of Baltimore; constructing and erecting on said land or
property or on any land or property now or hereafter owned by
the Mayor and City Council of Baltimore new buildings, structures
and facilities and in any other manner improving and developing
said land or property; the establishment and development of sites
for landfills and the establishment and development of transfer
stations; the acquisition or installation of equipment needed for or
in connection with any or all of the forementioned buildings, struc-
tures or facilities or other things, and for doing any and all things
necessary, proper or expedient in connection with or pertaining to
any or all of the matters or things hereinbefore mentioned, PRO-
VIDED, HOWEVER, THAT IF THE LAND IS LOCATED OUT-
SIDE OF THE BALTIMORE CITY LIMITS THE GOVERNING
BODY OF THE LOCAL SUBDIVISION IN WHICH THE LAND
IS LOCATED MUST GIVE ITS APPROVAL.

Sec. 4. And be it further enacted, That this Act is hereby declared
to be an emergency measure and necessary for the immediate pres-
ervation 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 Maryland,
the same shall take effect from the date of its passage.

Approved April 26, 1972.

CHAPTER 145
(House Bill 607)

AN ACT to authorize the Mayor and City Council of Baltimore to
create a debt, and to issue and sell its certificates of indebtedness
as evidence thereof, to an amount not exceeding Five Million
Dollars ($5,000,000.00), the proceeds derived from the sale of the

 

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Session Laws, 1972
Volume 708, Page 438   View pdf image
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