erection or development 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 resi-
dential purposes.

(c) Any and all financial loans made by the Mayor and City
Council of Baltimore; any and all guarantees or insurance com-
mitments made by the Mayor and City Council of Baltimore in
connection with any of the loans; and any and all money used or
expended by the Mayor and City Council of Baltimore in con-
nection with the loans, guarantees, or insurance commitments,
pursuant to the power and authority hereinabove vested in the
municipality, and any and all acts performed by the Mayor and
City Council of Baltimore in connection with any powers which
may be granted to the Mayor and City Council of Baltimore
pursuant to this Article, are all declared to be needed, contract-
ed for, expended or exercised for a public use.

(d) In the event of any conflict between the provisions of this
Article and those of Article XI, Section 7, of the Constitution of
Maryland, or any other provisions of the Constitution, then the
provisions of this Article shall control.

2. The General Assembly of Maryland may grant to the May-
or and City Council of Baltimore any and all additional power
and authority necessary or proper to carry into full force and ef-
fect any and all of the specific powers which the General Assem-
bly of Maryland is authorized to grant to the Mayor and City
Council of Baltimore pursuant to this Article, and to fully ac-
complish any and all of the purposes and objects contemplated
by the provisions of this Article, provided such additional power
or authority is not inconsistent with the terms and provisions of
this Article or with any other provision or provisions of the
Constitution of Maryland, except as provided in this Article.
The General Assembly may place such other and further restric-
tions or limitations on the exercise of any of the powers which it
may grant to the Mayor and City Council of Baltimore under
the provisions of this Article as it may deem proper and expedi-
ent.

ARTICLE XI-I. ¹⁹⁶

CITY OF BALTIMORE—INDUSTRIAL
FINANCING LOANS.

1. The General Assembly of Maryland, by Public Local Law,
may authorize the Mayor and City Council of Baltimore:

(a) 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, de-
velopment, redevelopment, rehabilitation, renovation,
modernization or improvement of buildings or structures, in-
cluding any land necessary therefor, within the boundaries of
Baltimore City, which buildings or structures are to be used or
occupied for industrial purposes.

(b) To guarantee or insure financial loans made by third par-
ties to any person or other legal entity which are to be used for
or in connection with the purchase, acquisition, construction, re-
construction, erection, development, redevelopment, rehabilita-
tion, 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.

(c) Any and all financial loans made by the Mayor and City
Council of Baltimore; any and all guarantees or insurance com-
mitments made by the Mayor and City Council of Baltimore in
connection with any of the loans; and any and all money used or

""Added by Chapter 553, Acts of 1976, ratified Nov. 2, 1976.
'"Amended by Chapter 99, Acts of 1956, ratified Nov. 6, 1956.

expended by the Mayor and City Council of Baltimore in con-
nection with the loans, guarantees, or insurance commitments,
pursuant to the power and authority hereinabove vested in the
municipality, and any and all acts performed by the Mayor and
City Council of Baltimore in connection with any powers which
may be granted to the Mayor and City Council of Baltimore
pursuant to this Article, are all declared to be needed, contract-
ed for, expended or exercised for a public use.

(d) In the event of any conflict between the provisions of this
Article and those of Article XI, Section 7, of the Constitution of
Maryland, or any other provisions of the Constitution, then the
provisions of this Article shall control.

2. The General Assembly of Maryland may grant to the May-
or and City Council of Baltimore any and all additional power
and authority necessary or proper to carry into full force and ef-
fect any and all of the specific powers which the General Assem-
bly of Maryland is authorized to grant to the Mayor and City
Council of Baltimore pursuant to this Article, and to fully ac-
complish any and all of the purposes and objects contemplated
by the provisions of this Article, provided such additional power
or authority is not inconsistent with the terms and provisions of
this Article or with any other provision or provisions of the
Constitution of Maryland, except as provided in this Article.
The General Assembly may place such other and further restric-
tions or limitations on the exercise of any of the powers which it
may grant to the Mayor and City Council of Baltimore under
the provisions of this Article as it may deem proper and expedi-
ent.

ARTICLE XII.

PUBLIC WORKS.

SECTION 1. The Governor, the Comptroller of the Treasury
and the Treasurer, shall constitute the Board of Public Works in
this State. They shall keep a journal of their proceedings, and
shall hold regular sessions in the City of Annapolis, on the first
Wednesday in January, April, July and October, in each year,
and oftener, if necessary; at which sessions they shall hear and
determine such matters as affect the Public Works of the State,
and as the General Assembly may confer upon them the power
to decide.

197
SEC. 2. They shall exercise a diligent and faithful supervi-
sion of all Public Works in which the State may be interested as
Stockholder or Creditor, and shall appoint the Directors in ev-
ery Railroad and Canal Company, in which the State has the le-
gal power to appoint Directors, which said Directors shall re-
present the State in all meetings of the Stockholders of the
respective Companies for which they are appointed or elected.
They shall require the Directors of all said Public Works to
guard the public interest, and prevent the establishment of tolls
which shall discriminate against the interest of the citizens or
products of this State, and from time to time, and as often as
there shall be any change in the rates of toll on any of the said
Works, to furnish the said Board of Public Works a schedule of
such modified rates of toll, and so adjust them as to promote the
agricultural interests of the State; they shall report to the Gener-
al Assembly at each regular session, and recommend such legis-
lation as they may deem necessary and requisite to promote or
protect the interests of the State in the said Public Works; they
shall perform such other duties as may be hereafter prescribed
by Law, and a majority of them shall be competent to act. The
Governor, Comptroller and Treasurer shall receive no additional
salary for services rendered by them as members of the Board of
Public Works.