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Session Laws, 1980
Volume 739, Page 63   View pdf image
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HARRY HUGHES, Governor                                 63

CHAPTER 22

(Senate Bill 115)

AN ACT concerning

Baltimore City - School Building 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 Five Million Five Hundred Thousand
Dollars ($5,500,000.00), the proceeds derived from the
sale of the certificates of indebtedness to be used for
the acquisition, by purchase, condemnation or any other
legal means, of land or property, or any rights
therein, in the City of Baltimore, and constructing and
erecting on said land or property, or on any land or
property now or hereafter owned by the Mayor and City
Council of Baltimore, new school buildings, athletic
and other auxiliary facilities, and for additions and
improvements to, or the modernization or reconstruction
of, existing school buildings or facilities, and for
equipment for any and all new facilities authorized to
be constructed or erected by the provisions hereof, and
for architectural or engineering services or surveys,
and any other activities relating to planning for the
purposes above mentioned or relating to planning for
the future projects of the same general character which
may be constructed out of future loans; conferring
certain powers upon the Board of School Commissioners
of Baltimore City; imposing certain conditions in
connection with the expenditure of the proceeds derived
from the sale of said certificates of indebtedness;
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 Five
Million Five Hundred Thousand Dollars ($5,500,000.00), 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

 

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Session Laws, 1980
Volume 739, Page 63   View pdf image
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