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Session Laws, 1943
Volume 584, Page 834   View pdf image (33K)
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834 LAWS OF MARYLAND. [CH. 638

rental of stalls in the new market, as to both preservation of
their present relative locations and as to new tenants who may
desire to rent stalls in the market; and said contract shall also
provide a schedule of or formula for determining all license
fees, rentals, parking charges, concession fees, etc., which may
be charged for any type of permanent or temporary occupancy
or use of such structure. In accordance with said plan, said
contract shall clearly determine which of the contracting
parties shall be responsible for carrying adequate insurance on
said structure and the amounts and kinds thereof, how and by
whom the persons needed to operate said structure shall be
employed, the extent to which the City shall be responsible for
the cleaning of said structure so as to maintain the same in a
sanitary condition, and, generally, said contract shall cover
all details not only of the improvement or reconstruction of
said market, but also of the maintenance and operation
thereof after such improvement or reconstruction, but nothing
herein contained shall be construed as a limitation upon the
right of either the City or the Authority to engage in such
activity as will or may tend to promote the use of said struc-
ture by the public as a market, parking area and garage. Said
contract shall be made for a fixed period of time not exceeding
fifty (50) years from its date. All rights, obligations and
powers of said Authority under said contract may be made
therein assignable to any receiver, trustee or custodian herein-
after provided for. No provision of said contract shall under-
take in any way to impair the right of any official or employee
of the City to enter in or upon said structure at any time in
the performance of his official duties and upon the termination
of said contract, said Authority shall immediately surrender
to the City any or all rights or interests which it may have in
said structure.

SEC. 4. And be it further enacted, That in order to enable
said Authority to raise funds for the reconstruction or im-
provement of said Market, it shall have and is hereby granted
full and complete power to issue and sell its negotiable cou-
pon bonds from time to time, in such amounts as may be
needed for such reconstruction or improvement, to be secured
as to payment of principal and interest solely and exclusively
from the revenues derived by said Authority from said market
structure. Said bonds may be issued upon a serial maturity
basis or as sinking fund bonds, and they may be made redeem-
able by said Authority upon such terms and conditions as the
Authority may provide. Said bonds shall all be issued to
mature within fifty (50) years from their respective date or
dates of issue, but they may be refunded by said Authority
from time to time at, before or after their respective maturi-

 

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Session Laws, 1943
Volume 584, Page 834   View pdf image (33K)
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