442                                     LAWS OF MARYLAND                              Ch. 209

(e)    All premiums resulting from the sale of
any of the bonds issued and sold pursuant to the
provisions of this Act shall be applied first to defray
the cost of issuance thereof and the balance, if any,
shall be applied to the payment of interest on any of
said bonds becoming due and payable during the fiscal
year in which said bonds are issued and sold or during
the next succeeding fiscal year.

(f)    The debt authorized by the provisions of
this Act, and the bonds issued and sold pursuant thereto
and their transfer, and the principal and interest
payable thereon (including any profit made in the sale
thereof), shall 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 or
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