HARRY HUGHES, Governor

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rehabilitating, renovating, redeveloping or improving
said buildings or structures; to guarantee or insure
financial loans made by third parties to the owners of
buildings or structures located within the boundary
lines of Baltimore City, which are used or occupied for
commercial purposes, for or in connection with
rehabilitating, renovating, redeveloping or improving
said buildings or structures, 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