THEODORE R. McKELDIN, GOVERNOR 731
REVENUE FROM THE NORTHEASTERN EXPRESSWAY
AND/OR THE NEW SUSQUEHANNA RIVER BRIDGE. THE
COMMISSION IS FURTHER EXPRESSLY AUTHORIZED TO
ENTER INTO WHATEVER SUPPLEMENTAL AGREEMENT
MAY BE NECESSARY TO MEET THE COVENANTS IN ITS
TRUST AGREEMENT WITH THE FIDELITY-BALTIMORE
NATIONAL BANK AND TRUST COMPANY, DATED OCTOBER
1, 1954, IN ORDER TO MAKE EFFECTIVE THE PROVISIONS
OF THIS ACT.
126B. (Credit of the State Not Pledged.) Revenue bonds issued
under the provisions of this sub-title shall not be deemed to constitute
a debt of the State or of any political subdivision thereof or a pledge
of the faith and credit of the State or of any such political sub-
division, but shall be payable solely from the funds provided therefor
from revenues. All such revenue bonds shall contain on the face
thereof a statement to the effect that the State is not obligated to
pay the same or the interest thereon except from revenues and that
neither the faith and credit nor the taxing power of the State or of
any political subdivision thereof is pledged to the payment of the
principal of or the interest on such bonds.
126C. (Definitions.) As used in this sub-title, the following words
and terms shall have the following meanings, unless the context shall
indicate another or different meaning or intent:
(a) The word "Commission" shall mean the State Roads Commis-
sion, or, if said Commission shall be abolished, the board, body or
commission succeeding to the principal functions thereof or to whom
the powers given by this sub-title to the Commission shall be given
by law.
(b) The word "Expressway" or the words "Northeastern Express-
way" shall mean the express highway or superhighway constructed
by the Commission under the provisions of this sub-title, embodying
such safety devices as grade separation at intersections with other
highways and railroads, long-sight distances, ample shoulder widths
and, if and to the extent deemed feasible by the Commission, center
division and multiple lanes in each direction, and including all
bridges, tunnels, overpasses, underpasses, interchanges, entrance
plazas, approaches, approach roads, toll houses, service stations,
garages, restaurants, and administration, storage and other buildings
and facilities which the Commission may deem necessary for the
operation of the Expressway, together with all property, rights,
franchises, easements and interests which may be acquired by the
Commission for the construction or the operation of the Expressway.
(c) The word "cost" as applied to the Expressway shall embrace
the cost of construction, including bridges over or under existing
highways and railroads, the cost of acquisition of all land, rights of
way, property, rights, franchises, easements and interests acquired
by the Commission for such construction, the cost of demolishing or
removing any buildings or structures on land so acquired, including
the cost of acquiring any lands to which such buildings or structures
may be moved, the cost of all machinery and equipment, financing
charges, interest prior to and during construction and, if deemed
advisable by the Commission, for a period not exceeding one year
after completion of construction, cost of traffic estimates and of
|
|