HARRY HUGHES, Governor
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other uses detrimental to the public welfare or
otherwise removing or preventing the spread of blight
or deterioration in the City of Baltimore; the
demolition, removal, relocation, renovation or
alteration of land, buildings, streets, highways,
alleys, utilities or services, and other structures or
improvements, and for the construction, reconstruction,
installation, relocation or repair of buildings,
streets, highways, alleys, utilities or services, and
other structures or improvements; the payment of any
and all costs and expenses incurred for or in
connection with doing any or all of the things herein
mentioned, including, but not limited to, the costs and
expenses of securing administrative, appraisal,
economic analysis, engineering, planning, designing,
architectural, surveying, and other professional
services; and 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; limiting the use of the proceeds of the sale
of the bonds to expenditures for capital improvement
projects having an estimated service life of not less
than fifteen (15) years, and providing that such
proceeds shall not be used for current operating
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 (hereinafter called
"bonds") as evidence thereof, to an amount not exceeding
Five Million Dollars ($5,000,000.00), 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
ordinance or ordinances and be approved by a majority of the
votes cast at such time and place, all as required by
Section 7 of Article XI of the Constitution of Maryland; and
the Mayor and City Council of Baltimore, in submitting any
ordinance or ordinances for the issuance of said bonds, or
any part thereof, to the legal voters of Baltimore City, may
submit and resubmit the same at any municipal election as
well as at any general election to be held in Baltimore
City.
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