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The Annotated Code of the Public General Laws of Maryland, 1939
Volume 379, Page 3338   View pdf image (33K)
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3338 ARTICLE 89B

charge tolls for the use of such project or projects, and thereafter such
project or projects shall be free; provided, however, that the Commission
may thereafter charge tolls for the use of any such project, if not pro-
hibited by any Federal Law, in the event that tolls are required for
maintaining, repairing and operating such project due to the lack of funds
from other sources than tolls or in the event that such tolls shall have been
pledged by the Commission to the payment of revenue bonds issued under
the provisions of this sub-title for another project or projects. But any
such pledge of tolls of a project to the payment of bonds issued for another
project shall not be effectual until the principal and interest of the bonds
issued for the first mentioned project shall have been paid or provision
made for their payment.

1937, ch. 356, sec. 115.

133. (Remedies of Bondholders and Trustee.) Any holder of revenue
bonds issued under the provisions of this sub-title or any of the coupons
attached thereto, and the trustee under the trust indenture, if any, except
to the extent the rights herein given may be restricted by resolution passed
before the issuance of the bonds or by the trust indenture, may, either at
law or in equity, by suit, action, mandamus, or other proceedings, pro-
tect and enforce any and all rights under the laws of the United States
or of the State of Maryland or granted hereunder or under such resolution
or trust indenture, and may enforce and compel performance of all duties
required by this sub-title, or by such resolution or trust indenture, to be
performed by the Commission, or any officer thereof, including the fixing,
charging, and collecting of tolls for the use of the project or projects.

1937, ch. 356, sec. 116.

134. (Contributions.) The Commission, in addition to the moneys
which may be received from the sale of revenue bonds and from the col-
lection of tolls and other revenues derived under the provisions of this
sub-title, shall have authority to accept from any Federal agency grants
for or in aid of the construction of any bridge or tunnel or the payment of
the bonds, and to receive and accept contributions from any source of
either money or property or other things of value, to be held, used, and
applied only for the purposes for which such grants or contributions may
be made.

1937, ch. 356, sec. 117.

135. (Competing Bridges, Tunnels and Ferries.) So long as any
bonds issued hereunder remain outstanding, no bridge or tunnel for the
use of the traveling public shall hereafter be constructed and operated
by any county, municipal corporation or political sub-division of the State,
or by any person, co-partnership, association, or corporation, and no fran-
chise shall hereafter be granted for the operation of a ferry, within a dis-
tance of ten miles from the location of any bridge or tunnel constructed
under the provisions of this sub-title, except under a written permit
granted by the Commission. No such permit shall be granted by the Com-
mission until it shall ascertain by an investigation, including a hearing
upon such notice and under such rules as the Commission may prescribe,
that there is urgent public need for the operation of such bridge or tunnel
or ferry, and that its operation will not affect the revenues of any bridge or


 

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The Annotated Code of the Public General Laws of Maryland, 1939
Volume 379, Page 3338   View pdf image (33K)
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