1088 LAWS OF MARYLAND. [CH. 863

and equity. The Authority shall consist of five members to be
appointed by the Mayor of Baltimore, each of whom shall be
a resident of Baltimore at the time of his appointment. The
original appointments shall be made in such manner that the
term of one member shall expire on July 1, 1946, the term of
another member shall expire on July 1, 1947, the term of
another member shall expire on July 1, 1948, the term of
another member shall expire on July 1, 1949, and the term
of the remaining member shall expire on July 1, 1950. Their
successors shall be appointed for terms of five years from the
dates of expiration of their respective terms of office, except
that any person appointed to fill a vacancy shall serve only
for the unexpired term, and any member of the Authority
shall be eligible for reappointment. Immediately after such
appointment, the members of the Authority shall enter upon
their duties. The Authority shall elect one of its members
as Chairman and another as Vice-Chairman, and shall also
elect a Secretary-Treasurer who may or may not be a member
of the Authority. Three members of the Authority shall con-
stitute a quorum. No vacancy in the Authority shall impair
the right of a quorum to exercise all the rights and perform
all the duties of the Authority. The members of the Authority
shall not be entitled to compensation for their services, but
they shall be reimbursed for actual expenses necessarily in-
curred in the performance of their duties; provided, however,
such reimbursement shall be made. solely from funds provided
under the authority of this Act. The Authority shall make
necessary rules and regulations for its own government. The
Authority may delegate to one or more of its members, or to
its officers, agents and employees such powers and duties as
it may deem proper. When all of the revenue bonds or revenue
refunding bonds issued pursuant to the terms of this Act
shall have been paid and retired, the Authority shall there-
upon promptly close out its business and affairs, and all real
and personal property, leases, contracts, rights and other prop-
erty of the Authority shall thereupon revert to and be assumed
by the Mayor and City Council of Baltimore, and the Authority
shall execute such deeds and assignments as may be necessary
to transfer and convey to the Mayor and City Council of
Baltimore title to such property, assets and rights, and the
Authority shall thereupon be considered as automatically dis-
solved without the necessity of any formal dissolution pro-
ceedings. The Mayor and City Council of Baltimore shall
thereafter own, possess, utilize, manage, operate and conduct
said Market and its facilities in such manner as is or may be
provided by the City Charter of Baltimore with reference to
properties of like kind and character, or in such manner as