HARRY HUGHES, Governor

43

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
or in connection with planning, developing, executing and
making operative the Community Development Program of the
Mayor and City Council of Baltimore, including, but not
limited to:

(i) The acquisition, by purchase, lease,
condemnation or any other legal means, of land or property,
or any right, interest, franchise, easement or privilege
therein, in the City of Baltimore;

(ii) The payment of any and all costs and
expenses incurred in connection with or incidental to the
acquisition and management of said land or property,
including any and all rights or interest therein
hereinbefore mentioned;

(iii) The payment of any and all costs and
expenses incurred for or in connection with relocating and
moving persons or other legal entities displaced by the
acquisition of said land or property, or any of the rights
or interests therein hereinbefore mentioned;

(iv) The development or redevelopment,
including, but not limited to, the comprehensive renovation
or rehabilitation of any land or property, or any rights or
interests therein hereinbefore mentioned, in the City of
Baltimore, and the disposition of land and property for such
purposes;

(v) The elimination of unhealthful, unsanitary
or unsafe conditions, lessening density, eliminating
obsolete or other uses detrimental to the public welfare or
otherwise removing or preventing the spread of blight or
deterioration in the City of Baltimore;