298

LAWS OF MARYLAND

Ch. 140

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 the City, 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 any
portion thereof, as the case may be, shall set forth in
detail the dates when any of the bonds are to mature and
the amount to mature 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 used
exclusively for the following purposes, to wit:

(a)    So much thereof as may be necessary, in
addition to the premium 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 enlarging, extending, altering,
modernizing and improving the sanitary sewerage and storm
water drainage systems of Baltimore City, including, but
not limited to, the construction of additional sewage
disposal plants, pumping stations and other
appurtenances, the alteration, enlargement, modernization
and improvement of existing sewage disposal plants,
pumping stations and other appurtenances, and the
acquisition by purchase or condemnation of any and all
sanitary and storm water sewers, sewage disposal plants,
pumping stations and other appurtenances, as well as of
any and all land and property, and of any right,
interest, franchise, easement or privilege therein, as
may be necessary for any or all of the above mentioned
purposes, and 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, and
any or all of said work or acquisition of property may be
done either within or outside of the boundary lines of
Baltimore City.

SECTION 4. AND BE IT FURTHER ENACTED, That in order
to enable it to accomplish and effectuate the object and
purposes of this Act, the Mayor and City Council of
Baltimore shall have all the power of purchase and/or
condemnation of land and property (including the power to
purchase and/or condemn land and property or any interest
therein or appurtenant thereto devoted to public or