464

LAWS OF MARYLAND

Ch. 216

EXERCISED UNDER THIS ARTICLE, THE MAYOR AND CITY COUNCIL
OF BALTIMORE MAY, BY ORDINANCE, BORROW MONEY TO FINANCE
THE [[EXTABLISHMENT]] ESTABLISHMENT, CONSTRUCTION,
ERECTION, ALTERATION, EXPANSION, ENLARGING, IMPROVING,
EQUIPPING, REPAIRING, MAINTAINING, OPERATING,
CONTROLLING, AND REGULATING OF OFF-STREET PARKING
FACILITIES OWNED [[OR TO BE OWNED]] BY THE MAYOR AND CITY
COUNCIL OF BALTIMORE, AND EVIDENCE SUCH BORROWING BY THE
ISSUANCE OF REVENUE BONDS, NOTES OR OTHER OBLIGATIONS TO
BE SECURED BY A PLEDGE OF THE REVENUES DERIVED FROM SUCH
FACILITIES, AND MAY FURTHER PLEDGE [[REVENUED]] REVENUES
COLLECTED FROM PARKING TAXES, PARKING FEES OR CHARGES,
PARKING FINES OR ANY OTHER REVENUE DERIVED FROM THE
PARKING OF MOTOR VEHICLES IN THE CITY OF BALTIMORE TO OR
FOR THE PAYMENT OF SUCH REVENUE BONDS, NOTES OR OTHER
OBLIGATIONS; AND FOR SUCH PURPOSES THE COMMISSIONERS OF
FINANCE ARE EMPOWERED TO MAINTAIN A FUND CONSISTING OF
THE REVENUE PLEDGED HEREIN. THE BONDS, NOTES OR OTHER
OBLIGATIONS ISSUED HEREUNDER AND THE PLEDGE OF REVENUES,
TAXES, FEES, CHARGES OR FINES PROVIDED FOR HEREIN SHALL
NOT CONSTITUTE A GENERAL OBLIGATION OF [[NOT]] NOR A
PLEDGE OF THE FAITH AND CREDIT OR TAXING POWER OF THE
MAYOR AND CITY COUNCIL OF BALTIMORE AND SHALL NOT
CONSTITUTE A DEBT OF THE MAYOR AND CITY COUNCIL OF
BALTIMORE WITHIN THE MEANING OF SECTION 7 OF ARTICLE XI
OF THE CONSTITUTION OF MARYLAND. THE ORDINANCE MAY
PRESCRIBE THE FORM AND TERMS OF THE BONDS, NOTES OR OTHER
OBLIGATIONS, THE TIME AND MANNER OF PUBLIC OR PRIVATE
SALE THEREOF, AND THE METHOD AND TERMS OF PAYMENT
THEREFOR, AND MAY AUTHORIZE THE COMMISSIONERS OF FINANCE
BY RESOLUTION TO DETERMINE ANY MATTERS HEREINABOVE
RECITED AND TO DO ANY AND ALL THINGS NECESSARY OR
APPROPRIATE IN CONNECTION WITH THE ISSUANCE AND SALE
THEREOF.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1976.

Approved April 13, 1976.

CHAPTER 217
(House Bill 159 3)

AN ACT concerning

Public Service Commission — Rate Structure Study

FOR the purpose of permitting an exception to a certain
provision of the Public Service Commission Law in
order to allow for the collection of certain data in
connection with a formal rate structure study before
the Public Service Commission; and providing that