48                                         LAWS OF MARYLAND                                 Ch. 15

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 to
make or contract to make financial loans to the owners of
buildings or structures located within the boundaries 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; 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.

SECTION 4. AND BE IT FURTHER ENACTED, That this Act is
hereby declared to be an emergency measure and necessary for
the immediate preservation of the public health and safety
and having been passed by a yea and nay vote supported by
three-fifths of all the members elected to each of the two
Houses of the General Assembly, the same shall take effect
from the date of its passage.

Approved March 26, 1979.

CHAPTER 16

(House Bill 37)

AN ACT concerning

Baltimore City Economic Development 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 Four Million Dollars
($4,000,000.00), the proceeds derived from the sale of
the certificates of indebtedness to be used for or in
connection with planning, developing, executing, and
making operative the commercial and industrial Economic
Development Program of the Mayor and City Council of
Baltimore, including, but not limited to, 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; the payment of any and all costs
and expenses incurred in connection with or incidental