clear space clear space clear space white space
A
 r c h i v e s   o f   M a r y l a n d   O n l i n e

PLEASE NOTE: The searchable text below was computer generated and may contain typographical errors. Numerical typos are particularly troubling. Click “View pdf” to see the original document.

  Maryland State Archives | Index | Help | Search
search for:
clear space
white space
Session Laws, 1935
Volume 579, Page 750   View pdf image (33K)
 Jump to  
  << PREVIOUS  NEXT >>
clear space clear space clear space white space

750 LAWS OF MARYLAND. [CH. 330

(2) pledging any funds which may be provided by the
State of Maryland as additional security for payment of such
bonds;

(3) the rates and the tolls to be charged and the amounts
to be raised in each year by tolls and the use and disposition
of the tolls and other revenues;

(4) the setting aside of reserves for payments of prin-
cipal and interest on its bonds and other (funded) indebted-
ness, or of operating or other reserves, and the regulation
and disposition thereof;

(5) the limitations on the right of the Authority to re-
strict and regulate the use of the Project;

(6) the limitations on the purpose to which the proceeds
of sale of any issue of bonds then or thereafter to be issued
may be applied;

(7) the limitations on the issuance of additional bonds,
notes or other evidences of indebtedness;

(8) the procedure, if any, by which the terms of any con-
tract with bondholders may be amended or abrogated, the
amount of bonds, the holders of which must consent thereto,
and the manner in which such consent may be given;

(9) the charging of sufficient rates and tolls on the Ferry
so as not to interfere with or prejudice the collection of suffi-
cient revenues from the bridge to meet the operating cost of
the Bridge and the debt service requirement of the 'Bridge'
bonds;

(10) the use of the tolls and other revenues from a project
to meet the operating costs of the project and the debt service
requirements on the bonds issued in connection with such
project before any of such tolls or revenues can be used for
any other purpose whatsoever or any other limitations with
respect thereto;

(11) the issuance of such bonds in series, and the relative
priorities, if any, as between such series;

(12) the replacement of lost, destroyed or mutilated
bonds;

(13) the maintenance of all property included in a project,
the replacement thereof, the insurance to be carried thereon,
and the uses and distribution of insurance money;

(14) the rights, liability, powers and duties arising upon
the breach by it of any covenant, condition or obligation;

(15) the performance by the Authority of any and all
such acts and things as may be necessary or convenient pi-
desirable in order to secure its bonds, or in the absolute dis-
cretion of the Authority as will tend to make the bonds more
marketable, notwithstanding that such acts or things ma^
not be enumerated herein.

 

clear space
clear space
white space

Please view image to verify text. To report an error, please contact us.
Session Laws, 1935
Volume 579, Page 750   View pdf image (33K)
 Jump to  
  << PREVIOUS  NEXT >>


This web site is presented for reference purposes under the doctrine of fair use. When this material is used, in whole or in part, proper citation and credit must be attributed to the Maryland State Archives. PLEASE NOTE: The site may contain material from other sources which may be under copyright. Rights assessment, and full originating source citation, is the responsibility of the user.


Tell Us What You Think About the Maryland State Archives Website!



An Archives of Maryland electronic publication.
For information contact mdlegal@mdarchives.state.md.us.

©Copyright  October 10, 2023
Maryland State Archives