§ 15-1. Reconveyance on satisfaction of debt.

(a) Authorized.

Upon the payment and full satisfaction of any loan heretofore or hereafter made by the Mayor and City Council of Baltimore for Off-Street Parking Projects, as authorized under Article II, § (20) of the City Charter and property is conveyed to the Mayor and City Council of Baltimore to secure the repayment of the same, the Mayor and City Council of Baltimore with the approval of the Board of Estimates of Baltimore City is hereby authorized and empowered to execute and deliver to the owner or owners a release, a conveyance, or reconveyance of the land with the improvements thereon so conveyed to the City of Baltimore to secure said loan.

(b) Solicitor's approval required.

No deed or releases shall pass in accordance herewith unless the same shall first have been approved by the City Solicitor.