184                               LAWS OF MARYLAND                        [CH. 127

from all State, municipal and local taxation; provided, however, that
the Authority shall pay to the City within three months after the
close of each fiscal year of the Authority, the amount determined by
any contract entered into by and between the Authority and the City
as the amount to be paid to the City in lieu of taxes; such payments,
however, to be made only from the net revenues, if any, of the Au-
thority for each such fiscal years which remain after (a) paying all
expenses of maintaining, repairing and operating the Civic Center,
(b) making all required payments 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, improve-
ments and extensions of the Civic Center, all as may be required by
any such contract or by the resolution authorizing such revenue
bonds or by the trust indenture securing the same.

SEC. 13. And be it further enacted, That

(Alternative Method.) The provisions of this Act shall be deemed
to provide an additional and alternative method for the doing of the
things authorized hereby and shall be regarded as supplemental and
additional to powers conferred by other laws and shall not be re-
garded as in derogation of any powers now existing, and such pro-
visions shall be liberally construed to effect the purposes thereof.

SEC. 14, And be it further enacted, That

(Sale of Bonds Within Five Years.) Unless bonds, as authorized
by this Act, shall have been sold in the amount of at least Two Million
Five Hundred Thousand Dollars ($2,500,000.00) within five years
of the effective date of this Act, then at the end of such period
all authority, powers and privileges provided for or granted herein
shall forthwith cease and terminate, and the Authority hereby
created shall be automatically dissolved without the necessity of any
formal dissolution proceedings.

SEC. 15. And be it further enacted, That

(Provisions Severable.) The provisions of this Act are severable,
and it is the intention to confer the whole or any part of the powers
herein provided for, and if any of the provisions of this Act shall be
held unconstitutional by any court of competent jurisdiction, the
decision of such court shall not affect or impair any of the remaining
provisions of this Act. It is hereby declared to be the legislative
intent that this Act would have been adopted had such unconstitu-
tional provision not been included therein.

SEC. 16. And be it further enacted, That this Act shall take effect
on June 1, 1955.

Approved March 24,1955.