MARVIN MANDEL, Governor 2843
Sincerely,
Marvin Mandel
Governor
House Bill No. 1467 - Baltimore City Residential
Financing Bonds
AN ACT concerning
Baltimore City — Residential Financing Bond Issue
FOR the purpose of authorizing the Mayor and City Council
of Baltimore to create a debt, and to issue and sell
its certificates of indebtedness as evidence
thereof, to an amount not exceeding Ten Million
Dollars ($10,000,000.00), the proceeds derived from
the sale of the certificates of indebtedness to be
used to make or contract to make financial loans to
any person or other legal entity to be used for or
in connection with the purchase, acquisition,
construction, erection, development, rehabilitation,
renovation, modernization or improvement of
buildings or structures, including any land
necessary therefor, within the boundaries of
Baltimore City, which buildings or structures are to
be used or occupied for residential purposes; to
guarantee or insure financial loans made by third
parties to any person or other legal entity which
are to be used for or in connection with the
purchase, acquisition, construction, erection,
development, rehabilitation, renovation,
modernization, or improvement of buildings or
structures, including any land necessary therefor,
within the boundaries of Baltimore City, which
buildings or structures are to be used or occupied
for residential purposes, and for doing any and all
things necessary, proper or expedient in connection
with or pertaining to any or all of the matters or
things hereinbefore mentioned; authorizing said
municipality to submit an ordinance or ordinances
for said purpose to the legal voters of Baltimore
City, and providing generally for the issuance and
sale of said certificates of indebtedness.
May 17, 1976.
Honorable John Hanson Briscoe
Speaker of the House of Delegates
State House
Annapolis, Maryland 21404
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