|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
153
|
|
|
|
|
HARRY HUGHES, Governor
|
|
|
|
|
|
|
|
|
|
|
|
|
|
made by third parties 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; and for 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; 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 Seven Million
Dollars ($7,000,000.00), 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 bonds, or any part thereof,
to the legal voters of Baltimore City, may submit and resubmit
the same at any municipal election as well as at any general
election to be held in Baltimore City.
(b) The Mayor and City Council of Baltimore may submit, by
one ordinance, the whole of the debt authorized by this Act to
the legal voters of Baltimore City at one time, or it may, by one
or more separate ordinances, submit a part thereof to the legal
voters of said city at different times; and any ordinance or
ordinances submitting the whole or any part of such debt to the
legal voters of Baltimore City shall provide for the expenditure
of the proceeds thereof in accordance with the provisions of the
Charter of the Mayor and City Council of Baltimore, and by the
municipal agency designated in the annual Ordinances of Estimates
of the Mayor and City Council of Baltimore.
(c) All of said bonds, or any part thereof, shall be issued
in accordance with a serial maturity plan so worked out as to
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
 |
