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The Annotated Code of the Public General Laws of Maryland, 1939
Volume 379, Page 3334   View pdf image (33K)
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3334 ARTICLE 89B

such lands, structures, rights-of-way, franchises, easements, and other
interests in lands, including lands under water and riparian rights, of
any person, co-partnerships, association, railroad or other corporation, or
municipality or political sub-division, deemed necessary for the construc-
tion of any such bridge or tunnel, upon such terms and at such prices as
may be considered by it to be reasonable and can be agreed upon between
it and the owner thereof, and to take title thereto in the name of the
State of Maryland. Whenever a price cannot be agreed upon, or whenever
the owner is legally incapacitated or is absent or is unable to convey valid
title or is unknown, the Commission is hereby authorized and empowered
to acquire by condemnation any of the above-mentioned properties. Such
condemnation proceedings shall be conducted, and the compensation to
be paid shall be ascertained and paid, in the manner provided by Section 4
or Section 40 of Article 89B of the Code of Public General Laws of Mary-
land. The Commission is further authorized and empowered to exercise in
this State and in any adjoining state such powers of eminent domain and
such franchises as may be conferred upon the State or the Commission by
any Act of the Congress of the United States now in force or which may
hereafter be enacted or which may be granted or assigned to the State or
the Commission. Title to any property condemned by the Commission
shall be taken in the name of the State. The State shall be under no obli-
gation to accept and pay for any property condemned or any costs inci-
dental to any condemnation proceedings and shall, in no event, pay for
the same except from the funds provided under this sub-title; and in any
condemnation proceedings, the court having jurisdiction of the suit, action
or proceeding may make such orders as may be just to the State and to the
owners of the property to be condemned and may require an undertaking
or other security to secure such owners against any loss or damage to be
sustained by reason of the failure of the State to accept and pay for the
property, but such undertaking or security shall impose no liability upon
the State, except such as may be paid from the funds provided under the
authority of this sub-title. The State of Maryland hereby consents to the
use of all lands lying under water, which are within the State and are
necessary for the construction and operation of any of the above-mentioned
bridges or tunnels and the approaches and appurtenances thereto.

1937, ch. 356, sec. 110.

128. (Revenue Bonds.) The Commission is hereby authorized to pro-
vide by resolution, at one time or from time to time, for the issuance of
revenue bonds of the State for the purpose of paying all or any part of
the cost as hereinabove defined of any one or more projects as hereinabove
defined. The principal and interest of such bonds shall be payable solely
from the special fund herein provided for such payment. The bonds of
each issue shall be dated, shall bear interest at such rate or rates not
exceeding five and one-half per centum per annum, payable semi-annually,
shall mature at such time or times not exceeding forty years from their
date or dates, as may be determined by the Commission, and may be made
redeemable before maturity, at the option of the Commission, at such
price or prices and under such terms and conditions as may be fixed by the
Commission prior to the issuance of the bonds. The principal and interest
of such bonds may be made payable in any lawful medium. The Commis-
sion shall determine the form of the bonds, including any interest cou-
pons to be attached thereto, and shall fix the denomination or denomina-


 

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The Annotated Code of the Public General Laws of Maryland, 1939
Volume 379, Page 3334   View pdf image (33K)
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