58
LAWS OF MARYLAND
Ch. 20
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 to be used to make
or contract to make financial loans to any person or other
legal entity to be used for or in connection with the
modernization or improvement of buildings or structures
within the boundaries of Baltimore City, for the purpose of
promoting energy conservation and making said buildings or
structures more energy efficient, which buildings or
structures are to be used or occupied for residential
purposes; to guarantee or insure financial loans made by
third parties to any person or other legal entity which are
to be used for or in connection with the modernization or
improvement of buildings or structures within the boundaries
of Baltimore City, for the purpose of promoting energy
conservation and making said buildings or structures 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.
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 7, 1980.
CHAPTER 21
(Senate Bill 113)
AN ACT concerning
Baltimore City - Solid Waste Disposal 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
|
![clear space](../../../images/clear.gif) |