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Session Laws, 1951
Volume 603, Page 508   View pdf image (33K)
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508 LAWS OF MARYLAND [CH. 201

conferred upon The Port Development Commission of the City
of Baltimore by law. Provided, that The Port Development
Commission of the City of Baltimore shall continue in exist-
ence and shall have, and may continue to exercise, any and all
of the power and authority which is now or hereafter may be
vested in said Commission by law until such time as said
Commission is declared dissolved by an ordinance of the Mayor
and City Council of Baltimore and the power and authority
granted to said Commission by law is vested, in whole or in
part, in the Port of Baltimore Commission.

Provided, further, that when the Port of Baltimore Com-
mission is created, The Port Development Commission of the
City of Baltimore is hereby authorized, empowered and di-
rected to assign, transfer and convey any and all right, title
and interest which it now has or may hereafter have in and to
any and all property, real, personal and/or mixed, of every
kind, character and description, including, but not limited to,
contracts, leases and other legal instruments, monies and
appropriations, to the Mayor and City Council of Baltimore,
and said municipality is hereby authorized and empowered to
accept the same upon such terms and conditions as may be
agreed upon between the parties.

The Mayor and City Council of Baltimore is hereby author-
ized and empowered to transfer any and all appropriations
or funds heretofore made to, or for the account of, The Port
Development Commission of the City of Baltimore to, or for
the account of, the Port of Baltimore Commission, and said
appropriations or funds shall be used for or in connection
with the powers, duties and functions of the Port of Baltimore
Commission when the last named Commission has been created.

SEC. 9. And be it further enacted, That nothing contained
in this Act shall be taken or construed to directly or indirectly
repeal, amend, alter, modify or affect in any manner or to any
extent, except in the manner and to the extent specifically and
definitely set forth in this Act, (a) any of the stock or certifi-
cates of indebtedness that heretofore have been issued by the
Mayor and City Council of Baltimore under the provisions of
Chapter 560 of the Laws of Maryland of 1920, as amended by
Chapter 242 of the Laws of Maryland of 1929, and Ordinances
Nos. 539 and 1097 of the Mayor and City Council of Baltimore,
approved October 2, 1928, and July 16, 1930, respectively, or
any other law; (b) the power and authority of the Mayor and
City Council of Baltimore to issue and sell the balance of the
unissued stock or certificates of indebtedness of the Mayor
and City Council of Baltimore heretofore authorized and
approved to be issued by the Mayor and City Council of Balti-


 

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Session Laws, 1951
Volume 603, Page 508   View pdf image (33K)
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