32                                         LAWS OF MARYLAND                                 Ch. 12

more energy efficient, 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;
and making this Act an emergency measure.

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That:

(a)   The Mayor and City Council of Baltimore be and it
is hereby authorized to create a debt, and to issue and sell
its certificates of indebtedness (hereafter called "bonds")
as evidence thereof, to an amount not exceeding Two Million
Dollars ($2,000,000.00), the proceeds derived from the sale
thereof to be used for the purposes hereinafter mentioned,
but said debt shall not be created and said bonds shall not
be issued, in whole or in part, unless an ordinance or
ordinances of the Mayor and City Council of Baltimore
providing for the issuance thereof shall be first submitted
to the legal voters of Baltimore City at such time and place
as may be fixed by said ordinance or ordinances and be
approved by a majority of the votes cast at such time and
place, all as required by Section 7 of Article XI of the
Constitution of Maryland; and the Mayor and City Council of
Baltimore, in submitting any ordinance or ordinances for the
issuance of said bonds, or any part thereof, to the legal
voters of Baltimore City, may submit and resubmit the same
at any municipal election as well as at any general election
to be held in Baltimore City.

(b)   The Mayor and City Council of Baltimore may
submit, by one ordinance, the whole of the debt authorized
by this Act to the legal voters of Baltimore City at one
time, or it may, by one or more separate ordinances, submit
a part thereof to the legal voters of said city at different
times; and any ordinance or ordinances submitting the whole
or any part of such debt to the legal voters of Baltimore
City shall provide for the expenditure of the proceeds
thereof in accordance with the provisions of the Charter of
the Mayor and City Council of Baltimore, and by the
municipal agency designated in the annual Ordinances of
Estimates of the Mayor and City Council of Baltimore.

(c)   All of said bonds, or any part thereof, shall be
issued in accordance with a serial maturity plan so worked
out as to discharge the entire principal amount represented
thereby within not more than forty (40) years from the date
of their issuance; provided, however, that it shall not be
necessary to provide for the maturity of any part of the
principal amount represented by any of said bonds for the
first five (5) years from the date of their issuance.