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Session Laws, 1955
Volume 620, Page 162   View pdf image (33K)
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162                               LAWS OF MARYLAND                        [CH. 126

12.   The terms "Equipment" and "Furnishings" shall mean and
include any equipment and furnishings whatsoever as may be deemed
desirable and required by the lessee of a project for the use and
occupancy of such project, and the term "to equip" or "to furnish"
shall mean and include the installation of such equipment and fur-
nishings.

13.   The term "Cost of the Project" or "Cost of the facility" shall
mean and include the cost of all land, property, rights, easements,
and franchises deemed necessary for the construction and establish-,
ment of any project or facility, the cost of all labor, materials, ma-
chinery and equipment, financing charges, interest prior to and
during construction and for one (1) year after completion of con-
struction, cost of engineering, architectural and legal services, plans,
specifications, surveys, estimates of cost and of revenues, other
expenses necessary or incident to determining the feasibility or prac-
ticability of such construction, administrative expenses and such
other expenses as may be necessary or incident to the financing
herein authorized and the construction and establishment of such
project or facilities, including the purchase, remodeling or recon-
struction of any existing facilities acquired by the Authority as
projects, and placing the same in operation.

H. The term "Parking facilities" shall mean and include any
area, lot, structure, building, garage or other means for the storage
or parking of automobiles, trucks or other vehicles, which may be
established, constructed, erected, acquired, owned or leased, main-
tained and operated by the Authority. Such term shall also mean
parking meters which may be acquired, owned or leased by the
Authority. Any such facilities may include such space for general
rental purposes as the Authority may in its discretion deem to be
necessary or appropriate to be used for parking purposes.

428. (Power of Authority.) The Authority is created for the pur-
pose of constructing, improving, equipping, furnishing, maintaining,
acquiring, and operating the following projects to be devoted wholly
or partially for public uses: public buildings for the use of the County,
airports and landing fields; County institutions of every kind and
character (heretofore or hereafter constructed);

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bridges, toll bridges, and tunnels; parks,
swimming pools, arenas, stadia and recreational facilities of all
kinds; dams, impounding basins and flood control projects; parking
facilities of every type and description; highways, parkways, traffic
distribution centers, and facilities necessary or incident thereto; and
public transportation facilities and systems of every kind and de-
scription.

The Authority is hereby granted and shall have and may exercise
all powers necessary or convenient for the carrying out of the afore-
said purposes, including, but without limiting the generality of the
foregoing, the following rights and powers:

(a)  To have perpetual existence as a Corporation;

(b)   To sue and be sued, implead and be impleaded, complain and
defend in all courts;


 

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Session Laws, 1955
Volume 620, Page 162   View pdf image (33K)
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