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152
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LAWS OF MARYLAND
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Ch: 18
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SECTION 4. AND BE IT FURTHER ENACTED, That this Act is
hereby declared to be an emergency measure and necessary for the
immediate preservation of the public health and safety and having
been passed by a yea and nay vote supported by three-fifths of
all the members elected to each of the two Houses of the General
Assembly, the same shall take effect from the date of its
passage.
Approved April 12, 1983.
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CHAPTER 19
(House Bill 82)
AN ACT concerning
Baltimore City - Industrial and Commercial Financing
Bond Issue
FOR the purpose of authorizing the Mayor and City Council of
Baltimore to create a debt, and to issue and sell its
certificates of indebtedness as evidence thereof, to an
amount not exceeding Seven Million Dollars ($7,000,000.00),
the proceeds derived from the sale of the certificates of
indebtedness to be used to make or contract to make
financial loans to any person or other legal entity to be
used for or in connection with the purchase, acquisition,
construction, reconstruction, erection, development,
redevelopment, rehabilitation, renovation, modernization or
improvement of buildings or structures, including any land
necessary therefor, within the boundaries of Baltimore City,
which buildings or structures are to be used or occupied for
industrial purposes; to guarantee or insure financial loans
made by third parties to any person or other legal entity
which are to be used for or in connection with the purchase,
acquisition, construction, reconstruction, erection,
development, redevelopment, rehabilitation, renovation,
modernization or improvement of buildings or structures,
including any land necessary therefor, within the boundaries
of Baltimore City, which buildings or structures are to be
used or occupied for industrial purposes; to make or
contract to make financial loans to any person or other
legal entity to be used for or in connection with the
purchase or acquisition of leasehold or fee simple interests
in buildings or structures, and for construction,
reconstruction, erection, development, rehabilitation,
renovation, redevelopment or improvement of buildings or
structures, located within the boundaries of Baltimore City,
which buildings or structures are to be used or occupied for
commercial purposes; to guarantee or insure financial loans
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