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Session Laws, 1945
Volume 589, Page 1089   View pdf image (33K)
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HERBERT R. O'CONOR, GOVERNOR. 1089

may be determined by ordinance or ordinances of the City
Council.

SEC. 3. And be it further enacted:

(Definitions. ) As used in this Act, the following words and
terms shall have the following meanings:

(a) The word "Authority" shall mean the Lexington Market
Authority created by Section 2 of this Act.

(b) The word "City" shall mean the Mayor and City Coun-
cil of Baltimore, a corporation of the State of Maryland.

(c) The word "Council" shall mean the City Council, the
Legislative Department of the Mayor and City Council of
Baltimore.

(d) The term "existing market" shall mean and shall
include all lands, buildings, structures, parking lot sites,
stalls', facilities and properties constituting the market com-
monly known as the "Lexington Market" and located within
the boundaries set forth in Section 129, Article 27, Baltimore
City Code, as amended by Ordinance No. 126, approved Feb-
ruary 19, 1940.

(e) The term "purchase price of the existing market" shall
mean the price agreed upon by the Authority and the City,
to be paid in cash or in bonds of the Authority at par, for
the existing market or so much thereof as the Authority shall
agree to purchase from the City, and in determining such
purchase price the Authority and the City shall take into con-
sideration the original cost of the existing market, reasonable
depreciation, reproduction cost, revenues, cost of operation
and maintenance, and all other available information relating
thereto.

(f) The word "Market" shall mean and include the exist-
ing market or so much thereof as shall be purchased by the
Authority, such existing market or portion thereof as re-
modeled or reconstructed, any and all buildings, sites, struc-
tures, facilities, and properties used or useful in connection
with the buying, storing, refrigerating, processing or sale of
food products of all kinds, whether on the site of the exist-
ing market or on property adjacent thereto or useful in con-
nection therewith, and any enlargements, improvements, re-
construction or extensions thereof, and shall include parking
and other ancillary facilities.

(g) The term "cost of the Market" shall mean and include
the purchase price of the existing market, the cost of air land,
property, rights, easements, and franchises deemed necessary
for the construction and establishment of the Market, the cost
of all labor, materials, machinery and equipment, financing
charges, interest prior to and during construction and for six

35

 

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Session Laws, 1945
Volume 589, Page 1089   View pdf image (33K)
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