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Session Laws, 1953
Volume 606, Page 1104   View pdf image (33K)
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1104 LAWS OF MARYLAND [CH. 595

and to charge and collect the same, and to fix by contract
with any (person, partnership, association, or corporation
desiring the use of said bridge, approaches, appurtenances
and works, or any part thereof, for placing thereon or
carrying water, gas or oil pipe lines, telephone, telegraph,
electric light or power lines or for any other purpose, the
terms, conditions and rates or charges for such use;
provided, however, that any such contract for the use of
said bridge for such purpose or purposes shall in every
case provide for adequate compensation to said Company,
its successors and assigns. The rates of tolls and charges
so fixed shall be the legal rates, unless and until changed
by order of the Public Service Commission, which said
Commission be and hereby is vested with the same author-
ity to revise and change any rates of tolls and charges
fixed by the Company as it now or may hereafter have
to revise the rates and charges of common carriers now
subject to its jurisdiction with like procedure, including
the right of appeal.

176. The provisions of this sub-title are subject to all
valid and applicable provisions of laws of the United States
concerning bridges over navigable waters of the United
States.

177. After the completion of such bridge, either the
State of Maryland
STATE ROADS COMMISSION OF
MARYLAND or the Board of County Commissioners
of Worcester County, or both of them jointly, may at any
time acquire and take over all the right, title and interest
in such bridge and its approaches and any interests in real
property necessary therefor, by purchase or condemnation
in accordance with the laws of this State governing the
acquisition of private property for public
purposes. UN-
LESS AND UNTIL THE STATE ROADS COMMISSION
OR THE COUNTY ELECTS TO ACQUIRE THE SAID
PROPERTIES, THE CORPORATION SHALL OPERATE
AS AN ORDINARY TOLL BRIDGE CORPORATION
AND SHALL BE SUBJECT TO STATE AND COUNTY
TAXES. No profits will be distributed to the holder or
holders of the capital stock of the Corporation so long as
there is any indebtedness outstanding, but will be used as
working capital or held as an operating reserve or applied
to the reduction of indebtedness of the Corporation
. If said
properties are acquired by the State of Maryland or by
the Board of County Commissioners of Worcester County

by purchase or by condemnation, the amount of compen-

sation or damages payable to the Corporation shall be
equal to the amount of the outstanding indebtedness of the


 

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Session Laws, 1953
Volume 606, Page 1104   View pdf image (33K)
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