2428

LAWS OF MARYLAND

[Ch. 463

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 bonds 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 and
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 accrued 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
in 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