2212

VETOES

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 Two Million Five Hundred Thousand
Dollars ($2,500,000,00), 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; providing
generally for the issuance and sale of said
certificates of indebtedness; and making this Act an
emergency measure.
May 29, 1979

Honorable James Clark, Jr.

President of the Senate

State House

Annapolis, Maryland 21404

Dear Mr, President:

In accordance with Article II, Section 17 of the
Maryland Constitution, I have today vetoed Senate Bill 25.

This bill authorizes the Mayor and City Council of
Baltimore City to create a $2,500,000 debt for the purpose
of "Industrial Financing" after further authorization by an
ordinance of the City Council and submission to the City
voters.