HARRY HUGHES, Governor
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City to borrow $1,500,000.00 and to use it to extend,
enlarge, develop, and improve the municipal water supply and
the water system of Baltimore-City; bonds have been issued
and sold by the City in the amount of $1,500,000.00 pursuant
to such legislation;
(c) Ordinance No. 880, approved by the Mayor of
Baltimore City on July 6, 1970, and by the voters of
Baltimore City on November 3, 1970, which authorized the
City to borrow $7,500,000.00 and to use it to extend,
enlarge, develop, and improve the municipal water supply and
the water system of Baltimore City; bonds have been issued
and sold by the City in the amount of $7,500,000.00 pursuant
to such legislation; and
WHEREAS, Pursuant to said Chapter 208, as amended,
there remains in the City the power to borrow $250,000.00
for which no ordinance has been approved by the voters of
Baltimore City; and
WHEREAS, It has been determined that it would not now
be in the best interests of the City to borrow the sum of
$250,000.00 for the purposes mentioned in Chapter 208, as
amended; now, therefore,
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the authority granted to the Mayor and City
Council of Baltimore by Chapter 208 of the Laws of Maryland
of 1961, as amended; by Chapter 10 of the Laws of Maryland
of 1962 (March Special Session) and Chapter 6 of the Laws of
Maryland of 1969, to create a debt and issue its
certificates of indebtedness as evidence thereof, be and the
same is hereby reduced from the amount of Eighteen Million
Five Hundred Thousand Dollars ($18,500,000.00) to an amount
not exceeding Eighteen Million Two Hundred and Fifty
Thousand Dollars ($18,250,000.00).
SECTION 2. AND BE IT FURTHER ENACTED, That nothing
contained in this Act shall be taken or construed to:
(a) Change, alter, or modify any of the terms and
provisions of Chapter 208 of the Laws of Maryland of 1961,
as amended by Chapter 10 of the Laws of Maryland of 1962
(March Special Session), and Chapter 6 of the Laws of
Maryland of 1969, except in the manner and to the extent
specifically set forth herein;
(b) Change, alter, modify, or release any of the
obligations and liabilities which the City has incurred or
may incur under the terms and provisions of any bonds which
the City has heretofore issued and sold pursuant to the
legislation hereinbefore mentioned.
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