58

LAWS OF MARYLAND

Ch. 18

(House Bill 39)

AN ACT concerning

Baltimore City - Recreation and Parks
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 One Million Five Hundred Thousand
Dollars ($1,500,000.00), the proceeds derived from the
sale of the certificates of indebtedness to be used for
the acquisition, by purchase or condemnation or any
other legal means, of land or property in the City of
Baltimore and establishing thereon or therein, or on or
in land or property now or hereafter owned by the Mayor
and City Council of Baltimore, new parks, playgrounds,
playfields, playlots, recreational centers or
recreational buildings; and for the design, redesign,
development, redevelopment and improvement of park,
school and other properties now or hereafter owned by
the Mayor and City Council of Baltimore for park or
recreational purposes; and for the acquisition,
construction, reconstruction, installation, erection,
protection, extension, enlargement, renovation or
modernization of, and additions to, public park or
recreational buildings, structures or facilities; and
for the acquisition and installation of equipment for
any and all new facilities authorized to be
constructed, erected or established under the
provisions hereof, 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; provided, however, that no part
of such proceeds shall be used to pay costs not
directly related to and required for the acquisition,
construction, or completion of a specific physical
improvement and the initial equipping thereof; it being
the intent of this provision to limit the use of such
proceeds to capital expenditures and to prohibit their
use for current expenses of the City; 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 One Million