|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ch: 11
|
|
|
|
|
126
|
|
LAWS OF MARYLAND
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The ordinance to be submitted to the legal voters of
Baltimore City, or the resolution of the Board of Finance
authorizing the issuance of said bonds, or any portion thereof,
as the case may be, shall set forth in detail the dates when any
of the bonds are to mature and the amount to mature upon such
dates.
|
|
|
|
|
|
|
|
|
|
SECTION 3. AND BE IT FURTHER ENACTED, That the actual cash
proceeds derived from the sale of the bonds authorized to be
issued under the provisions of this Act, not exceeding the par
value thereof, shall be used exclusively for the following
purposes, to wit:
(a) So much thereof as may be necessary, in addition to the
premium realized from the sale, if any, for the cost of issuance,
including the expense of engraving, printing, advertising,
attorneys' fees, and all other incidental expenses connected
therewith; and
(b) The remainder of such proceeds shall be used for or in
connection with planning, developing, executing and making
operative the Community Development Program of the Mayor and City
Council of Baltimore, including, but not limited to:
(i) The acquisition, by purchase, lease,
condemnation, or any other legal means, of land or property, or
any right, interest, franchise, easement or privilege therein, in
the City of Baltimore;
(ii) The payment of any and all costs and expenses
incurred in connection with or incidental to the acquisition and
management of said land or property, including any and all rights
or interest therein hereinbefore mentioned;
(iii) The payment of any and all costs and expenses
incurred for or in connection with relocating and moving persons
or other legal entities displaced by the acquisition of said land
or property, or any of the rights or interests therein
hereinbefore mentioned;
(iv) 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;
(v) 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;
(vi) The demolition, removal, relocation, renovation
or alteration of land, buildings, streets, highways, alleys,
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
 |
