BLAIR LEE III, Acting Governor

1095

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. AMD 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 premium realized from the sale, if any, for the cost
of issuance, including the expense of engraving, printing,
advertising, attorneys' fees, and all other incidental
expenses connected therewith; and

(b)   The remainder of such proceeds to be used to make
or contract to make financial loans to any person or other
legal entity to be used for or in connection with the
purchase, acquisition, construction, reconstruction,
erection, development, redevelopment, rehabilitation,
renovation, modernization or improvement of buildings or
structures, including any land necessary therefor, within
the boundaries of Baltimore City, which buildings or
structures are to be used or occupied for industrial
purposes; to guarantee or insure financial loans made by
third parties to any person or other legal entity which are
to be used for or in connection with the purchase,
acquisition, construction, reconstruction, erection,
development, redevelopment, rehabilitation, renovation,
modernization or improvement of buildings or structures,
including any land necessary therefor, within the boundaries
of Baltimore City, which buildings or structures are to be
used or occupied for industrial purposes; 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.