In pursuance of the power and authority vested in it by said Act of the General Assembly of Maryland <em>{Chapter 181, Acts of 1882}</em> and for the purpose of perpetually promoting and diffusing knowledge and education among the people of the City of Baltimore, the said proposed conveyance of the said library building and premises, situate upon Mulberry Street, as aforesaid, and the said proposed payment of $833,333.33, are agreed to be accepted by said Mayor and City Council of Baltimore. For the purpose of carrying into effect the said proposed object, the said Mayor and City Council of Baltimore, by this Part do hereby contract and agree with the said Enoch Pratt, and with the said “Enoch Pratt Free Library of Baltimore City”, the body corporate aforesaid, in consideration of said conveyance of said library building and premises, and of the payment of said sum of money unto it, to grant and create an annuity of $50,000, to be paid perpetually hereafter, forever, in equal quarterly payments, for the purposes and maintenance of said library; said annuity to be paid unto the Board of Trustees of said body corporate and their successors, forever, to be applied by them to the purposes and maintenance of said library, as established and defined in the Act of Incorporation thereof. City Code, 1893, art. 39, §1 1927, art. 34, §1 1950, art. 26, §1 1966, art. 1, §71 1976/83, art. 1, §72 Ord. 1882-106

Upon the conveyance by said Enoch Pratt or his representatives, by a valid deed, of the clear, unencumbered fee simple estate in said lot of ground, with the improvements thereon, situate on Mulberry Street, in said City of Baltimore, unto the said Mayor and City Council, and upon the payment by said Enoch Pratt or his representatives, unto said Mayor and City Council, of said sum of $833,333.33, the Mayor of the City of Baltimore, at the time of the execution of said deed, is authorized and empowered to join in the execution of the same, for and on behalf of the Mayor and City Council of Baltimore, and to contract, covenant and agree, for and on their behalf, to pay perpetually thereafter the yearly sum of $50,000, in equal quarterly payments, unto the Trustees of the “Enoch Pratt Free Library of Baltimore City”, and their successors, forever, the said “Enoch Pratt Free Library of Baltimore City” also joining in said deed, and agreeing to appropriate said sum for its corporate purposes, and to make an annual report to the Mayor and City Council of Baltimore, of the proceedings of said body corporate, and of the condition of said library and its branches, with a full account of the monies received and expended by said Trustees. City Code, 1893, art. 39, §2 1927, art. 34, §2 1950, art. 26, §2 1966, art. 1, §72 1976/83, art. 1, §73 Ord. 1882-106

So soon as Enoch Pratt shall pay to the Mayor and City Council of Baltimore, the sum of $833,333.33, according to the terms and provisions of <cite data-path="|18|§7-1">§ 7-1 of this Part</cite>, it shall be the duty of the Board of Finance to invest the same in Baltimore City stock heretofore authorized to be issued at par as a sinking fund, to be known by the name of the “Enoch Pratt Free Library Sinking Fund”. City Code, 1893, art. 39, §3 1927, art. 34, §3 1950, art. 26, §3 1966, art. 1, §73 1976/83, art. 1, §74 Ord. 1883-064

The interest upon said investment so as aforesaid directed to be made, shall also be invested from time to time, as the same shall be received, in the public debt of the City of Baltimore, and such investments of said interest, and of the interest upon said interest, shall also constitute a part of said sinking fund; and said investment of said interest, and of interest on said interest, shall continue so to be made in the public debt of the City of Baltimore until the annual income from said investments shall reach the sum of $50,000; and in the meanwhile, the sum of $50,000, to pay said annuity, shall be levied for as other city taxes are levied for. City Code, 1893, art. 39, §4 1927, art. 34, §4 1950, art. 26, §4 1966, art. 1, §74 1976/83, art. 1, §75 Ord. 1883-064

When the said annual income upon the investments in said sinking fund shall reach the sum of $50,000, the making of said investments for said purpose shall cease, and the said annual income of $50,000 arising therefrom shall be thereafter appropriated and applied to the payment of the annuity of $50,000 to the Trustees of the Enoch Pratt Free Library of Baltimore City, and all taxation for the purpose of raising said annuity of $50,000 for such purpose, shall cease and be discontinued. City Code, 1893, art. 39, §5 1927, art. 34, §5 1950, art. 26, §5 1966, art. 1, §75 1976/83, art. 1, §76 Ord. 1883-064

There shall be appointed by the Mayor a Visitor to the Enoch Pratt Free Library of Baltimore City, in accordance with the provisions of the Act of 1882, Chapter 181, and it shall be the duty of the Visitor so appointed, and of his successors in said office, to perform the duties prescribed for such Visitor by said Act of Assembly. City Code, 1893, art. 39, §6 1927, art. 34, §6 1950, art. 26, §6 1966, art. 1, §76 1976/83, art. 1, §77 Ord. 1884-145 Ord. 1896-035

The Mayor and City Council of Baltimore does hereby accept the offer of said Andrew Carnegie, and does hereby undertake and agree that as the sum of $500,000 offered the City of Baltimore by said Andrew Carnegie shall be received and expended by the Trustees of the Enoch Pratt Free Library in the erection of branch library buildings upon sites furnished or provided by the said Mayor and City Council and accepted by the said Trustees, that upon the completion of such of said branch libraries, the same shall be maintained by said Mayor and City Council by a yearly provision in the tax levy of a sum not less than 10% of the amount given by said Andrew Carnegie for the construction of each of said buildings, such annual appropriation by the Mayor and City Council to be expended by said Trustees for the maintenance as aforesaid in such manner as may be specified from year to year in the Ordinance of Estimates. City Code, 1927, art. 34, §7 1950, art. 26, §7 1966, art. 1, §77 1976/83, art. 1, §78 Ord. 07-275 Ord. 20-249

No appropriation shall be effective for the purposes set forth in this Part until authority to make such appropriations by the Mayor and City Council of Baltimore to the Trustees of the Enoch Pratt Library shall be authorized by the General Assembly of Maryland. City Code, 1927, art. 34, §8 1950, art. 26, §8 1966, art. 1, §78 1976/83, art. 1, §79 Ord. 07-275