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2234
LAWS OF MARYLAND
[Ch. 375
provisions of said Chapter 560, as amended, and a
certain ordinance, as amended.
WHEREAS, Chapter 560 of the Laws of Maryland of
1968, as the same was amended by Chapter 6 of the Laws of
Maryland of 1969, authorized the Mayor and City Council
of Baltimore (hereinafter sometimes called "City") to
borrow Eighty Million Dollars ($80,000,000.00), and to
use such funds for school building purposes; and
WHEREAS, Ordinance No. 151, approved by the Mayor of
Baltimore City on June 28, 1968, and by the voters of
Baltimore City on November 5, 1968, as the same was
amended by Ordinance No. 417, approved by the Mayor of
Baltimore City on April 2, 1969, and by the voters of
Baltimore City on May 13, 1969, authorized the City to
borrow Eighty Million Dollars ($80,000,000.00) and to use
the same for school building purposes; certificates of
indebtedness (hereinafter sometimes called "Bonds") have
been issued and sold by the City in the amount of
Thirty-Five Billion Dollars ($35,000,000.00), so that the
City now has the power to issue and sell its bonds in the
remaining amount of Forty—Five Million Dollars
($45,000,000.00), pursuant to such Act and ordinance; and
WHEREAS, It has been determined that it would not
now be in the best interest of the City to borrow the
amount of Thirteen Million Four Hundred Forty Thousand
Dollars ($13,440,000.00) of the remaining amount of
Forty-Five Million Dollars ($45,000,000.00) which the
City is authorized to issue and sell for the purposes
mentioned in said Chapter 560 of the Laws of Maryland of
1968, as amended, and Ordinance No. 151, as amended; now,
therefore,
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the authority granted to the Mayor and
City Council of Baltimore by Chapter 560 of the Laws of
Maryland of 1968, as amended by Chapter 6 of the Laws of
Maryland of 1969, to create a debt and issue its
certificates of indebtedness as evidence thereof, be and
the same is hereby reduced from the amount of Eighty
Million Dollars ($80,000,000.00) to an amount not
exceeding Sixty—Six Million, Five Hundred Sixty Thousand
Dollars ($66,560,000.00).
SECTION 2. AND BE IT FURTHER ENACTED, That nothing
contained in this Act shall be taken or construed to:
(a) change, alter or modify any of the terms
and provisions of Chapter 560 of the Laws of Maryland of
1968, as amended by Chapter 6 of the Laws of Maryland of
1969, except in the manner and to the extent specifically
set forth herein;
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