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Session Laws, 1976
Volume 734, Page 459   View pdf image
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MARVIN MANDEL, Governor                               459

of indebtedness to be used for the acquisition, by
purchase or condemnation or any other legal means,
of land or property in the City of Baltimore and
establishing thereon or therein, or on or in land or
property now or hereafter owned by the Mayor and
City Council of Baltimore, new parks, playgrounds,
playfields, playlots, recreational centers or
recreational buildings; and for the design,
redesign, development, redevelopment and improvement
of park, school and other properties now or
hereafter owned by the Mayor and City Council of
Baltimore for park or recreational purposes; and for
the acquisition, construction, reconstruction,
installation, erection, protection, extension,
enlargement, renovation or modernization of, and
additions to, public park or recreational buildings,
structures or facilities, including, but not limited
to, the Zoo located in Druid Hill Park; and for the
acquisition and installation of equipment for any
and all new facilities authorized to be constructed,
erected or established under the provisions hereof,
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; provided, however, that no part of such
proceeds shall be used to pay costs not directly
related to and required for the acquisition,
construction, or completion of a specific physical
improvement and the initial equipping thereof; it
being the intent of this provision to limit the use
of such proceeds to capital expenditures and to
prohibit their use for current expenses of the City;
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.

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 (hereafter
called "bonds") as evidence thereof, to an amount not
exceeding Two Million Five Hundred Thousand Dollars
($2,500,000.00), 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;

 

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Session Laws, 1976
Volume 734, Page 459   View pdf image
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