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Session Laws, 1936 (Special Session 1)
Volume 577, Page 242   View pdf image (33K)
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242 LAWS OF MARYLAND. [CH. 114

of the bridge, in the manner hereinafter provided. Such
condemnation proceedings shall be conducted, and the
compensation to be paid shall be ascertained and paid, in
the manner provided by Section 3 or Section 25 of Article
89B of the Code of Public General Laws of Maryland. The
Commission is further authorized and empowered to ex-
ercise in this State and in the State of Virginia such powers
of eminent domain and such franchises as may be con-
ferred 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 as-
signed to the State or the Commission. Title to any prop-
erty condemned by the Commission shall be taken in the
name of the State. The State shall be under no obligation
to accept and pay for any property condemned or any
costs incidental to any condemnation proceedings, and shall,
in no event, pay for the same except from the funds provid-
ed by this sub-title. The State of Maryland hereby con-
sents to the use of the lands lying under the waters of the
Potomac River necessary for the construction and operation
of said bridge and the approaches and appurtenances
thereto.

64S. Bridge Revenue Bonds. The Commission is here-
by authorized to provide by resolution, at one time or from
time to time, for the issuance of bridge revenue bonds of
the Commission for the purpose of paying the whole or any
part of the cost of the bridge. The principal and interest
of such bonds shall be payable solely from the special fund
herein provided for such payment. The bonds shall be dated,
shall bear interest at such rate or rates not exceeding six
per centum per annum, payable semi-annually, shall mature
at such time or times, not exceeding forty years from their
date, 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 Commission shall determine the form of the bonds, in-
cluding any interest coupons to be attached thereto, and
shall fix the denomination or denominations of the bonds
and the place or places of payment of principal and in-
terest thereof, which may be at any bank or trust com-
pany within or without the State. The bonds shall be signed
by the Chairman of the Commission and the seal of the
Commission shall be affixed thereto and attested by the

 

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Session Laws, 1936 (Special Session 1)
Volume 577, Page 242   View pdf image (33K)
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