310                                          LAWS OF MARYLAND                                  Ch. 145

authorize the Mayor and City Council of Baltimore to
acquire any land or property, or any rights therein,
located outside the boundary lines of Baltimore City
without the approval of the governing body of the
political subdivision in which the land is located;
and authorizing the submission of an ordinance or
ordinances for the purpose stated to the legal
voters of Baltimore City; and providing generally
for the issuance and sale of the certificates of
indebtedness.

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That:

(a)    The Mayor and City Council of Baltimore be and
it is hereby authorized to create a debt, and to issue
and sell its certificates of indebtedness (hereinafter
called "bonds") as evidence thereof, to an amount not
exceeding Sixteen Million Dollars ($16,000,000) the
proceeds derived from the sale thereof to be used for the
purpose or purposes hereinafter mentioned, but said debt
shall not be created and said bonds shall not be issued,
in whole or in part, unless an ordinance or ordinances of
the Mayor and City Council of Baltimore providing for the
issuance thereof shall be first submitted to the legal
voters of Baltimore City at such time and place as may be
fixed by said ordinance or ordinances and be approved by
a majority of the votes cast at such time and place, all
as required by Section 7 of Article XI of the
Constitution of Maryland; and the Mayor and City Council
of Baltimore in submitting any ordinance or ordinances
for the issuance of said bonds, or any part thereof, to
the legal voters of Baltimore City, may submit and
resubmit the same at any municipal election as well as at
any general election to be held in Baltimore City.

(b)    The Mayor and City Council of Baltimore way
submit, by one ordinance, the whole of the debt
authorized by this Act to the legal voters of Baltimore
City at one time or it may, by one or more separate
ordinances, submit a part thereof to the legal voters of
said City at different times; and any ordinance or
ordinances submitting the whole or any part of such debt
to the legal voters of Baltimore City shall provide for
the expenditure of the proceeds thereof in accordance
with the provisions of the Charter of the Mayor and City
Council of Baltimore, and by the municipal agency
designated in the annual Ordinances of Estimates of the
Mayor and City Council of Baltimore.

(c)    All of said bonds, or any part thereof, shall
be issued in accordance with a serial maturity plan so
worked out as to discharge- the entire principal amount
represented thereby within not more than forty (40) years
from the date of their issuance; provided, however, that
it shall not be necessary to provide for the maturity of
any part of the principal amount represented by any of