14                                          LAWS OF MARYLAND                                Ch. 5

Approved March 11, 1982.

CHAPTER 6

(Senate Bill 69)

AN ACT concerning

Baltimore City - Housing 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 Three Million Dollars
($3,000,000.00), the proceeds derived from the sale of
the certificates of indebtedness 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
purchase, acquisition, construction, erection,
development, rehabilitation, renovation, redevelopment
or improvement of buildings or structures, including
any land necessary therefor, within the boundaries of
Baltimore City, 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 purchase, acquisition,
construction, erection, development, rehabilitation,
renovation, redevelopment or improvement of buildings
or structures, including any land necessary therefor,
within the boundaries of Baltimore City, 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; 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 (hereinafter called
"bonds") as evidence thereof, to an amount not exceeding
Three Million Dollars ($3,000,000.00), the proceeds derived
from the sale thereof to be used for the purposes