22

LAWS OF MARYLAND

Ch. 9

(f) The time, place, manner and medium of
advertisement of the readiness of the Board 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 Board 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 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 shall be used for
the purpose of enlarging, extending, altering, modernizing
and improving the sanitary sewerage, storm water drainage,
and stream valley systems of Baltimore City, including, but
not limited to, the construction of additional sewage
disposal plants, pumping stations and other appurtenances,
the alteration, enlargement, modernization and improvement
of existing sewage disposal plants, pumping stations and
other appurtenances, and the acquisition by purchase or
condemnation of any and all sanitary and storm water sewers,
sewage disposal plants, pumping stations and other
appurtenances, as well as of any and all land and property,
and of any right, interest, franchise, easement or privilege
therein, as may be necessary for any or all of the above
mentioned purposes, and 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, and
any or all of said work or acquisition of property may be
done either within or outside of the boundary lines of
Baltimore City.