BLAIR LEE III, Acting Governor

1091

(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 semi—annually;

(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 said
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 expense of engraving, printing,
advertising, attorney's fees, and all other incidental
expenses connected therewith; and

(b)    The remainder of such proceeds shall be used for
additions and improvements to, or the renovation,
modernization or reconstruction of, existing public market
buildings, structures and facilities owned or controlled by
the Mayor and City Council of Baltimore, to be or now being
used for or in connection with the operations, functions and
activities of the public markets of Baltimore City, and for
acquiring and installing equipment for any and all
buildings, structures or facilities authorized to be
improved, renovated, or modernized 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.

SECTION 4. AND BE IT FURTHER ENACTED, That this Act is
hereby declared to be an emergency measure and necessary for
the immediate preservation of the public health and safety