HARRY HUGHES, Governor

49

CHAPTER 13

(Senate Bill 76)

AN ACT concerning

Baltimore City - Industrial and Commercial
Financing 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, reconstruction,
erection, development, redevelopment, rehabilitation,
renovation, modernization 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
industrial 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,
reconstruction, erection, development, redevelopment,
rehabilitation, renovation, modernization 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 industrial purposes; 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 or acquisition of leasehold or fee simple
interests in buildings or structures, and for
construction, reconstruction, erection, development,
rehabilitation, renovation, redevelopment or
improvement of buildings or structures, 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 or
acquisition of leasehold or fee simple interests in
buildings or structures, and for construction,
reconstruction, erection, development, rehabilitation,
renovation, redevelopment or improvement of buildings
or structures, 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; authorizing