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165
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HARRY HUGHES, Governor
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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.
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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 the
acquisition, by purchase, lease, condemnation, or any other legal
means, of land or property, or any rights or interest therein, in
the City of Baltimore, and for developing, establishing,
constructing, erecting, altering, expanding, enlarging, improving
and equipping buildings, structures and other facilities on,
under or in said land or property, or on, under or in any land or
property that is now or hereafter may be owned or otherwise held
or controlled by the Mayor and City Council of Baltimore, or on,
under or in any land or property owned or otherwise held or
controlled by any private, public or quasi-public corporation,
partnership, association, person or other legal entity, for
storing, forking and servicing self-propelled vehicles, and for
the payment of any and all necessary or proper costs and expenses
connected with, or incident to doing any or all of the aforegoing
acts or things; and such proceeds may be used for any or all of
the matters or things hereinbefore mentioned in connection with
an underground structure or facility for storing, parking and
servicing self-propelled vehicles (hereinafter called "parking
facility") where another building, structure or facility
(hereinafter called "additional structure") is to be or may be
established, constructed or erected in whole or in part above,
under, in connection with or adjacent to a parking facility,
provided that none of such proceeds shall be used for or in
connection with the construction or erection of such additional
structure, or any part thereof, or for strengthening or adding to
a parking facility in any manner necessitated by or in connection
with the construction or erection of such additional structure;
provided, no petroleum products shall be sold or offered for sale
at any entrance to, or exit from, any land so acquired or at any
entrance to, or exit from, any structure erected thereon, when
any entrance to, or exit from, any such land or structure faces a
street or highway which is more than 25 feet wide from curb to
curb.
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