HERBERT R. O'CONOR, GOVERNOR. 1097

or trust indenture, or under any ordinance of the Council,
and may enforce and compel performance of all duties re-
quired by this Act or by such resolution, trust indenture or
ordinance to be performed by the Authority or the City or by
any officer thereof, including the fixing, charging, and collect-
ing of rates and charges for the use of the facilities of the
Market.

SEC. 13. And lie it further enacted:

(Tax Exemption. ) It is hereby found, determined and de-
clared that the establishment of the Market under the pro
visions of this Act is in all respects for the benefit of the
inhabitants of the City and is a public purpose, and that the
City and the Authority will be performing an essential gov-
ernmental function in the exercise of the powers conferred by
this Act, and the Authority shall not be required to pay any
taxes or assessments upon the Market or any part thereof or
upon its activities in the operation and maintenance of the
Market or upon any revenues therefrom, and the Market and
the bonds of the Authority and the interest thereon shall be
and remain forever exempt from all state, municipal and local
taxation; provided; however, that the Authority may pay to
the City within three months after the close of each fiscal
year of the Authority, the amount determined by any con-
tract entered into by and between the Authority and the City
as the amount to be paid to the City in lieu of taxes; provided,
further, the amount so to be paid pursuant to any such con-
tract shall not be in excess of the amount of the annual ad
valorem property tax which shall have been levied by the
City upon any part of the Market property in the last tax
levy prior to the acquisition thereof by the Authority, such
payments, however, to be made only from the net revenues,
if any, of the Authority for each such fiscal years which re-
main after (a) paying all expenses of maintaining, repair-
ing and operating the Market, (b) making all required pay-
ments or transfers of moneys to the credit of the Sinking
Fund for the bonds issued under the provisions of this Act
and then outstanding, (c) setting aside reserves for such
purposes and (d) setting aside reserves for depreciation, im-
provements and extensions of the Market, all as may be re-
quired by any such contract or by the resolution authorizing
such revenue bonds or by the trust indenture securing the
same.

SEC. 14. And 1)e it further enacted:

(Alternative Method. ) The provisions of this Act shall be
deemed to provide an additional and alternative method for