MARVIN MANDEL, Governor                            2235

TO ACCOMPLISH THE PUBLIC PURPOSE SET FORTH IN PARAGRAPH
(A) OF THIS SUBSECTION WHICH TERMS SHALL REQUIRE. TO THE
EXTENT DEEMED PRACTICABLE BY THE MAYOR AND CITY COUNCIL
OF BALTIMORE. THAT THE RESIDENCES SECURING SUCH MORTGAGE
LOANS BE OWNER OCCUPIED ;

(C) WITHOUT IN ANY WAY LIMITING THE GENERALITY OF
ANY OTHER PROVISIONS OF THE CHARTER OF THE MAYOR AND CITY
COUNCIL OF BALTIMORE, TO BORROW MONEY BY THE ISSUANCE OF
ITS REVENUE BONDS AND LIMITED OBLIGATIONS PURSUANT TO
ARTICLE II, SUBSECTION (50), OF THIS CHARTER IN ORDER TO
OBTAIN THE MONEYS NECESSARY TO EFFECT THE RESIDENTIAL
MORTGAGE LOAN PROGRAM HEREBY AUTHORIZED.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
is hereby declared to be an emergency measure and
necessary for the immediate preservation of the public
health and safety and having been passed by a yea and nay
vote supported by three—fifths of all the members elected
to each of the two Houses of the General Assembly, the
same shall take effect from the date of its passage.

Approved May 31, 1974,

CHAPTER 660
(Senate Bill 862)
AN ACT concerning

Aircraft — Mechanics' Lien

FOR the purpose of transferring the portion of the
existing aviation law pertaining to mechanics' liens
to the mechanics' lien article, and making certain
stylistic and other corrections.

BY repealing

Article 1A — Aeronautics

Section 24

Annotated Code of Maryland

(1968 Replacement Volume and 1973 Supplement)

BY adding to

Article 63 - Mechanics' Lien

Section 53 under the new subtitle "Aircraft"