3116

VETOES

for youth camps should he applicable to all such camps. I
will be willing to work with the sponsors of House Bill 440
to develop such a bill. It is greatly needed for all youth
camps.

For these reasons, I have decided to veto House Bill
440.

Sincerely,
Blair Lee III
Acting Governor

House Bill No. 498 — Baltimore City — Residential Financing

Bond Issue

AN ACT concerning

Baltimore City - Residential 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 Six Billion Dollars ($6,000,000),
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, erection, development,
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 residential purposes; guaranteeing
or insuring 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, erection, development, 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
residential 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.