STATE ROADS 3329

engaged for a period of at least six months prior to June 1, 1939, in the
actual operation of a ferry service across Chesapeake Bay, the western
terminus of which service is at the City of Baltimore, to supplement its
existing service or to substitute for its existing service, by operating a ferry
boat or boats to and from any point, approved by the Public Service Com-
mission, along the north shore of the Patapsco River, or to and from any
point, on the western shore of Chesapeake Bay and tributaries north of
the Patapsco River. Nothing in this section shall be construed to amend
or repeal any part of this sub-title, except for the purpose of authorizing
the addition or relocation, in proper cases, of existing ferry termini at
Baltimore to another point or points on the north side of the Patapsco
River or the western shore of the Chesapeake Bay, north of the Patapsco
River.

1935, ch. 330, sec. 90.

118. Without limiting the generality of the powers of acquisition of
property hereinabove conferred upon the Authority, the Authority shall
have authority to acquire from The Chesapeake Bay Bridge Company its
franchises, real and personal property, plans, engineering data, records,
surveys, maps and all property, data and records of whatever description
pertaining to or relating to the designing and construction of the bridge
and to make use of the same and to pay therefor the reasonable cost and
expenses of the said corporation or any individual acting on its behalf,
disbursed or incurred on its or his behalf in accumulation thereof. The
Chesapeake Bay Bridge Company is hereby empowered to assign and con-
vey such franchises and property to the Authority. Such payments shall
include only such items of cost and expense as may be determined by the
Authority to have been reasonably necessary or proper for the creation and
development of the bridge, and shall not include any capitalization of fran-
chise value or anticipated profits and shall likewise be subject to the limita-
tions of any agreement with the Federal Emergency Administrator of
Public Works or any other Federal Agency.

1935, ch. 330, sec. 91.

119. The Authority shall, upon its appointment and organization as
provided in this sub-title, obtain an inventory of the property owned by
the Claiborne-Annapolis Ferry Company and make a study of the financial
results of its operations. In such study, the Authority may use and shall
be entitled to rely upon the report of any reputable certified public ac-
countant. If the Authority, after such investigation, shall find that the
operating income of the Ferry, exclusive of subsidies, after giving effect
to such reduction in expenses of operation and administration as the Au-
thority believes reasonably practicable, and before taxes and depreciation
would have been, for the year 1934, and would have been also for the
average over the five year period 1930 to 1934, inclusive, sufficient to have
paid the annual debt service requirements on One Million Two Hundred
Thousand Dollars ($1,200,000) principal amount three per cent. (3%)
Fifteen Year "Ferry" Bonds, including both the interest thereon at said
rate of three per centum (3%) per annum and annual installments of
principal as such installments fall due, then the Authority shall offer One
Million Two Hundred Thousand Dollars ($1,200,000) in principal amount
of Fifteen Year Three Per Cent. (3%) "Ferry" Bonds secured as in this
sub-title provided, for the real property, easements, franchises (except its