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Session Laws, 1978
Volume 736, Page 1099   View pdf image
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BLAIR LEE III, Acting Governor                         1099

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 authorised 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
the acquisition, by purchase, condemnation or any other
legal means, of land or property, or any rights therein, in
the City of Baltimore, and for constructing and erecting on
said land or property, or on any land or property now or
hereafter owned by the Mayor and City Council of Baltimore,
buildings, structures or facilities to be used by the Fire
Department of Baltimore City for fire stations, and for the
acquisition and installation of equipment for any and all

existing facilities or_new facilities authorized to be

constructed or erected 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
and having been passed by a yea and nay vote supported by
three-fifths of all the members elected to each of the two
Houses of the General Assembly, the same shall take effect

 

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Session Laws, 1978
Volume 736, Page 1099   View pdf image
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