HARRY HUGHES, Governor

739

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; providing that the
purposes hereinbefore mentioned shall not be operative
upon the adoption of the amendment to the Constitution
of Maryland proposed by Chapter (House Bill 710)
(Senate Bill 363) of the Laws of Maryland of 1980 by
the qualified voters of the State of Maryland at the
General Election to be held in November, 1980; to make
or contract to make financial loans to any person or
other legal entity to be used for or in connection with

the purchase, acquisition, construction,

reconstruction, erection, development, rehabilitation,
renovation, redevelopment, or improvement of buildings
or structures, including any land necessary therefor,
located within the boundaries of Baltimore City, which
buildings or structures are to be used or occupied for
commercial purposes; to guarantee or insure financial
loans made by third parties to any person or other
legal entity to be used for or in connection with the
purchase, acquisition, construction, reconstruction,
erection, development, rehabilitation, renovation,
redevelopment, or improvement of buildings or
structures, including any land necessary therefor,
located within the boundaries of Baltimore City, which
buildings or structures are to be used or occupied for
commercial 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; providing that the purposes
hereinbefore mentioned shall become operative only upon
the adoption of the amendment to the Constitution of
Maryland proposed by Chapter (House Bill 710)
(Senate Bill 363) of the Laws of Maryland of 1980 by
the qualified voters of the State of Maryland at the
general election to be held in November, 1980;
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 Six Million
Dollars ($6,000 000.00), the proceeds derived from the sale