3595
COLLEGE PARK

once in each of four successive weeks before the 23rd day
of September, 1973.

BE IT FURTHER RESOLVED BY THE MAYOR AND COUNCIL OF
THE CITY OF COLLEGE PARK, MARYLAND, that the proposed
amendment will come and be considered part of the
municipal charter of the City of College Park on the 3rd
day of October, 1973, unless a petition is filed pursuant
to Article 23A, Section 13 of the Annotated Code of
Maryland, 1957 Edition, as amended, said petition to be
filed on or before the 23rd day of September, 1973.

BE IT THEREFORE RESOLVED BY THE MAYOR AND COUNCIL OF
THE CITY OF COLLEGE PARK that the foregoing Resolution be
and the same is hereby adopted this 14th day of August
1973.

RESOLUTION 73-CR-6

A resolution to amend Article XVIII, § 74C of the
Charter of the City of College Park, titled Revenue
Bonds, to change the allowable rate of interest on bonds
from six per centum (6%) per annum to eight per centum
(8%) per annum.

WHEREAS, the City of College Park is required to
secure financing to support the Lakeland Urban Renewal
project and whereas the existing rate of interest of six
per centum (6%) per annum is no longer viable in today's
financial market,

NOW, THEREFORE, BE IT RESOLVED that § 74C of Article
XVIII of the Charter of the City of College Park is
hereby repealed and re—enacted as follows:

Issue. Bonds issued under this section shall be
authorized by resolution or ordinance of the legislative
body of the municipality and may be issued in one (1) or
more series and shall bear such date or dates, shall
mature at such time or times, bear interest, at such rate
or rates, not exceeding [six] EIGHT per centum [6%] (8%)
per annum, be in such denomination or denominations, be
in such form either with or without coupon or registered,
carry such conversion or registration privileges, have
such rank or priority, be executed in such manner, be
payable in such medium or payment, at such place or
places, and be subject to such terms of redemption (with
or without premium), be secured in such manner, and have
such other characteristics, as may be provided by such
resolution or trust indenture or mortgage issued pursuant