MARVIN MANDEL, Governor                                    613

(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
time, which interest shall be payable semi-annually;

(e)   Subject to the limitations set forth in Section
1 of this Act, the date of the bonds issued at any
particular time and the maturity dates of said bonds,
including the right of redemption by the City prior to
maturity;

(f)    The time, place, manner and medium of
advertisement of the readiness of the Commissioners of
Finance to receive bids for the purchase of the bonds
authorized to be issued hereunder, or any part thereof;
the form, terms and conditions of such bids; the time,
place and manner of awarding bonds so bid for, including
the right whenever any of the bonds authorized by this
Act are offered for sale and sold at the same time as
other bonds of said corporation, to establish the
conditions for bids and awards and to award all of said
bonds on an all or none basis; and the time, place, terms
and manner of settlement for the bonds so bid for.

The ordinance to be submitted to the legal voters of
Baltimore City, or the resolution of the Commissioners of
Finance authorizing the issuance of said bonds, or a ap-
portion thereof, as the case may be, shall, set forth in
detail the dates when any of the bonds arc to mature and
the amount to nature upon such dates.

SECTION 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 urea
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 expense 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 the purpose of extending, improving and modernizing
the lighting system used for the illumination of the
highways, streets, alleys and other public ways in the