MARVIN MANDEL, Governor                                2049

Act, and the bonds issued and sold pursuant thereto and
their transfer, and the principal and interest payable
thereon (including any profit made in the sale thereof),
shall be and remain exempt from any and all State, county
and municipal taxation in the State of Maryland.

(g) All beads Issued and sold pursuant to the
provisions of this Act shall be sold at public sale to
the highest responsible bidder or bidders therefor after
due notice of such sale, but the Mayor and City Council
of Baltimore, or the Commissioners of Finance as the case
may be, shall have the right to reject any or all bids
therefor for any reason, and thereafter reoffer such
bonds at public sale as aforesaid or at private sale,
provided that if such bonds be offered at private sale
they shall be offered for sale and sold for not less than
par and accured Interest.

SECTION 2. AND BE IT FURTHER ENACTED, That the
Mayor and City Council of Baltimore be and it is hereby
authorized, in the ordinance or ordinances to be
submitted to the legal voters of Baltimore City, from
time to time, (i) to determine and set forth, any or all
of the following, or (ii) to empower a majority of the
Commissioners of Finance of said municipality to pass a
resolution or resolutions, from time to time, to
determine and set forth, any or all of the following:

(a)   The amount of the total debt authorized by this
Act and the ordinance submitted to the legal voters of
Baltimore City, which shall be issued at any particular

time;

(b)   The form or forms of the bonds representing the
debt, or any part thereof, so authorized to be issued at
any particular time, including any interest coupons to be
attached thereto; the provisions, if any, for the
issuance of coupon bonds; the provisions, if any, for the
issuance of fully registered bonds; the provisions, if
any, for the registration as to principal of any coupon
bonds; and the provisions, if any, for the conversion and
reconversion into coupon bonds of any fully registered
bonds or coupon bonds registered as to principal;

(c)    The denomination or denominations of the bonds
to be issued at any particular time, which shall not be
less than One Thousand 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