|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
123
|
|
|
|
|
HARRY HUGHES, Governor
|
|
|
|
|
|
|
|
|
|
|
|
|
|
or interest therein hereinbefore mentioned; the development,
or redevelopment, including, but not limited to, the
comprehensive renovation or rehabilitation of any land or
property, or any rights or interests therein hereinbefore
mentioned, in the City of Baltimore, and the disposition of
land and property for such purposes; the elimination of
unhealthful, unsanitary or unsafe conditions, lessening
density, eliminating obsolete or 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 Three Million Two
Hundred Fifty Thousand Dollars ($3,250,000.00), 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
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
 |
