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135
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HARRY HUGHES, Governor
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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 the
acquisition, by purchase, condemnation, or any other legal means,
of land or property, or any rights therein, in the City of
Baltimore, and constructing and erecting on said land or
property, or on any land or property now or hereafter owned by
the Mayor and City Council of Baltimore, new school buildings,
athletic and other auxiliary facilities, and for additions and
improvements to, or the modernization or reconstruction of,
existing school buildings or facilities, and for equipment for
any and all new facilities authorized to be constructed or
erected by the provisions hereof, and for architectural or
engineering services or surveys, and any other activities
relating to planning for the purposes above mentioned or relating
to planning for future projects of the same general character
which may be constructed out of future loans.
(c) The use of the proceeds of the sale of the bonds shall
be limited 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.
SECTION 4. AND BE IT FURTHER ENACTED, That in the
expenditure of the proceeds of sale of said bonds, the Mayor and
City Council of Baltimore shall observe the following conditions:
(a) Subject to the provisions of the Charter of Baltimore
City relating to the Planning Commission, the Board of School
Commissioners of Baltimore City shall have the authority to
select sites for the construction of the new school buildings
hereby authorized;
(b) All plans and specifications for the construction or
reconstruction of school buildings, or for additions or
improvements to school buildings, to be financed out of the
proceeds derived from the sale of the bonds herein authorized to
be issued, shall be subject to the approval of said Board of
School Commissioners prior to final acceptance of such plans and
specifications, and the endorsement of approval by said Board of
such plans and specifications shall be made thereon, and shall
also be recorded by said Board in its official minutes;
(c) All changes in approved plans and specifications which
may be found necessary and expedient during the course of
construction shall also be subject to the approval of the Board
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