Marvin Mandel, Governor                            457

(5) Aircraft owned by West Virginia residents and based in
Maryland, provided that aircraft owned by Maryland residents and
based in West Virginia are exempted from personal property taxes in
that State.

(5) AIRCRAFT OWNED BY RESIDENTS OF MINERAL
COUNTY, WEST VIRGINIA AND BASED IN ALLEGANY
COUNTY, MARYLAND, PROVIDED THAT AIRCRAFT OWNED
BY RESIDENTS OF ALLEGANY COUNTY, MARYLAND AND
BASED IN MINERAL COUNTY, WEST VIRGINIA ARE
EXEMPTED FROM PERSONAL PROPERTY TAXES IMPOSED
BY MINERAL COUNTY, WEST VIRGINIA.

SEC. 2. And be it further enacted, That this Act shall take effect
July 1, 1972.

Approved April 26, 1972.

CHAPTER 157
(House Bill 759)

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 Two Million
Dollars ($2,000,000.00), the proceeds derived from the sale of
the certificates of indebtedness to be used to make or contract
to make financial loans to the owners of buildings or structures
located within the boundaries of Baltimore City, which are used or
occupied for residential purposes, for or in connection with re-
habilitating or improving said buildings or structures; to guar-
antee or insure financial loans made by third parties to the owners
of buildings or structures located within the boundary lines of
Baltimore City, which are used or occupied for residential pur-
poses, for or in connection with rehabilitating or improving said
buildings or structures, 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; providing when
the power and authority vested in the Mayor and City Council of
Baltimore by this act shall become operative; 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 Two Million Dollars ($2,000,000.00), the pro-
ceeds derived from the sale thereof to be used for the purposes herein-
after 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