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1935 Cumulative Supplement to the Annotated Code of the Public General Laws of Maryland
Volume 378, Page 1197   View pdf image (33K)
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STATE ROADS. 1197

ernor. The Governor may remove any member of the Board for neglect
of duty or misconduct in office, giving him a copy of the charges against
him and an opportunity of being heard in person or by counsel, on not
less than ten days' notice. Until funds for expenses are available from
moneys borrowed by the Board or from revenues from the projects, it
shall be the duty of the State Roads Commission of Maryland to furnish
quarters for the Board and necessary clerical assistance. Upon the pur-
chase and operation of the Ferry by the Board, as hereinafter provided
for, the Chairman shall receive a salary at the rate of $1, 500 annually,
and each of the other members a salary at the rate of $1, 250 annually.
Upon the making of a contract by the Board for the construction of the
Bridge, as hereinafter provided for, the salary of the Chairman shall be
$3, 000 annually, and of each of the other members $2, 500 annually. The
Board shall apportion the expenses of administration between the Bridge
project and the Ferry project according to its best judgment, but subject
to any agreement with bondholders. In the event that no contract for the
construction of the Bridge is entered into within a period of two years
from the passage of this sub-title, all of the rights, powers, duties and
obligations of the Board with respect to the acquisition, maintenance and
operation of the Ferry, and the payment of the debt service requirements
of any bonds issued for the purchase of the Ferry shall be taken over,
transferred to, and shall thereafter be exercised and performed by the
State Roads Commission of Maryland to the same extent as if the State
Roads Commission had been named in this sub-title instead of said Board.
And in such event, it shall be the duty of said Board to transfer to the
State Roads Commission all of the assets of the Ferry, and acquired with
the Ferry Property, and all books, records, documents in any manner
relating to the Ferry, its acquisition and operation. The powers of said
corporation shall be vested in and exercised by a majority of the members
of the Board then in office. Said Board may delegate to one or more of
its agents and members such powers as it may deem proper. Said Board
shall keep accurate and complete records of all of its proceedings and
transactions. Said Board, in its corporate existence, shall continue only
for a period of ten years and thereafter until all of its liabilities have
been met and its obligations have been paid in full, or such liabilities and
obligations have otherwise been discharged. Upon its ceasing to exist,
all of its rights and properties shall pass to the State of Maryland.

No member of the Board shall vote on any question in which he may
have a personal financial interest.

Notwithstanding anything in this sub-title contained and notwith-
standing any of its other duties, powers and obligations under this sub-
title, the Authority, in issuing Bridge Bonds and in entering into any
agreements with bondholders with respect thereto, and in the construction
and operation of the Bridge, and in the performance of any other duties
whatsoever with respect to the Bridge hereunder, shall not be construed
to be acting as an agency of the State of Maryland and shall have no power
whatsoever to bind the State with respect thereto.


 

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1935 Cumulative Supplement to the Annotated Code of the Public General Laws of Maryland
Volume 378, Page 1197   View pdf image (33K)
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