|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
167
|
|
|
|
|
HARRY HUGHES, Governor
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Baltimore City, to be or now being used for or in connection
with the operations, functions, and activities of the Civic
Center in Baltimore City, and for acquiring and installing
equipment for any and all buildings, structures or
facilities authorized to be improved, renovated or
modernized under the provisions hereof, and for doing any
and all things necessary, proper or expedient in connection
with or pertaining to any and 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 and 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 Two Million Five
Hundred Thousand Dollars ($2,500,000.00), 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
discharge the entire principal amount represented thereby within
not more than forty (40) years from the date of their issuance;
provided, however, that it shall not be necessary to provide for
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
 |
