3040                                                  VETOES

Blair lee III
Acting Governor

Senate Bill No. 341 - Baltimore City - Industrial
Financing Bond Issue

AN ACT concerning

Baltimore City - Industrial Financing Bond Issue

FOR the purpose of authorizing the Mayor and City Council of
Baltimore to create a debt, and to issue and sell its
certificates of indebtedness as evidence thereof, to an
amount not exceeding Seven Million five Hundred
Thousand Dollars ($7,500,000) , the proceeds derived
from the sale of the certificates of indebtedness 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; 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.

May 29, 1978
Honorable Steny H. Hoyer
President of the Senate
State House
Annapolis, Maryland 21404

Dear Mr. President: