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Session Laws, 1976
Volume 734, Page 312   View pdf image
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312                                          LAWS OF MARYLAND                                  Ch. 145

(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) each but may be
in sums of One Thousand Dollars ($1,000) or 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 particular
time, which interest shall be payable semiannually;

(e)    Subject to the limitations set forth in
Section 1 of this Act, the date of the bonds issued at
any particular time and the maturity dates of said bonds,
including the right of redemption by the City prior to
maturity;

(f)    The time, place, manner and medium of
advertisement of the readiness of the Commissioners of
Finance to receive bids for the purchase of the Bonds
authorized to be issued hereunder, or any part thereof;
the form, terms and conditions of such bids; the time,
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 premiums realized from the sale, if any,
for the cost of issuance, including the expenses of
engraving, printing, advertising, attorney's fees, and

 

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Session Laws, 1976
Volume 734, Page 312   View pdf image
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