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125
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HARRY HUGHES, Governor
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public sale as aforesaid or at private sale, provided that if
such bonds be offered at private sale they shall be offered for
sale and sold for not less than par and accrued interest.
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SECTION 2. AND BE IT FURTHER ENACTED, That the Mayor and
City Council of Baltimore be and it is hereby authorized, in the
ordinance or ordinances to be submitted to the legal voters of
Baltimore City, from time to time, (i) to determine and set forth
any or all of the following or (ii) to empower a majority of the
Board of Finance of said municipality to pass a resolution or
resolutions, from time to time, to determine and set forth, any
or all of the following:
(a) The amount of the total debt, authorized by this Act
and the ordinance submitted to the legal voters of Baltimore
City, which shall be issued at any particular time;
(b) The form or forms of the bonds representing the debt,
or any part thereof, so authorized to be issued at any particular
time, including any interest coupons to be attached thereto; the
provisions, if any, for the issuance of coupon bonds; the
provisions, if any, for the issuance of fully registered bonds;
the provisions, if any, for the registration as to principal of
any coupon bonds; and the provisions, if any, for the conversion
and reconversion into coupon bonds of any fully registered bonds
or coupon bonds registered as to principal;
(c) The denomination or denominations of the bonds to be
issued at any particular time, which shall not be less than One
Thousand Dollars ($1,000.00) each but may be in sums of One
Thousand Dollars ($1,000.00) or in any suitable multiple thereof,
and the place or places for the payment of principal and interest
thereof;
(d) The rate or rates of interest to be paid in connection
with the bonds to be issued at any particular time, which
interest shall be payable semiannually;
(e) Subject to the limitations set forth in Section 1 of
this Act, the date of the bonds issued at any particular time and
the maturity dates of said bonds, including the right of
redemption by the City prior to maturity;
(f) The time, place, manner and medium of advertisement of
the readiness of the Board of Finance to receive bids for the
purchase of the bonds authorized to be issued hereunder, or any
part thereof; the form, terms and conditions of such bids; the
time, place and manner of awarding bonds so bid for, including
the right whenever any of the bonds authorized by this Act are
offered for sale and sold at the same time as other bonds of said
City, to establish the conditions for bids and awards and to
award all of said bonds on an all or none basis; and the time,
place, terms and manner of settlement for the bonds so bid for.
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