Theodore R. McKeldin, Governor                     15

(e)  The term "existing port facilities" shall mean the properties
which are acquired by the Authority from the Mayor and City Coun-
cil of Baltimore under the provisions of Section 7 of this Article.

(f)  The term "fiscal year" shall be deemed to be the period com-
mencing on the first day of July and ending on the last day of June
of the following year.

(g)  The term "port facility" shall mean and shall include, without
intending thereby to limit the generality of such term, any one or
more of the following or any combination thereof: lands, piers,
docks, wharves, warehouses, sheds, transit sheds, elevators, com-
pressors, refrigeration storage plants, buildings, structures and other
facilities, appurtenances and equipment necessary or useful in con-
nection with the operation of a modern port and every kind of
terminal or storage structure or facility now in use or hereafter
designed for use in the handling, storage, loading or unloading of
freight or passengers at steamship terminals, and every kind of trans-
portation facility now in use or hereafter designed for use in con-
nection therewith.

(h) The word "project" shall mean the existing port facilities or
any port facility financed under the provisions of this Article, to-
gether with all property, rights, easements and interests appertaining
thereto and acquired for the construction or operation thereof.

5. (General Grant of Powers.) (a) The Authority is hereby au-
thorized and empowered:

(b)  to have perpetual succession, and to sue and be sued in its own
name and plead and be impleaded;

(c)  to adopt an official seal and alter the same at its pleasure;

(d)  to adopt, promulgate, amend and repeal by-laws for the regu-
lation of its affairs and the conduct of its business;

(e)  to maintain offices at such place or places, either within or
without the State, as it may determine;

(f)  to acquire, construct, reconstruct, rehabilitate, improve, main-
tain, lease as lessor or as lessee, repair and operate port facilities
within its territorial jurisdiction, including the dredging of ship
channels and turning basins and the filling and grading of land
therefor, and to establish reasonable rules and regulations for the
use of any project which are not inconsistent with the provisions of
this Article or any other applicable law of the State of Maryland;

(g)  to designate the location and character of all port facilities
and improvements which the Authority may hold, own, or over which
it is authorized to act and to regulate all matters related to the loca-
tion and character of such facilities and improvements;

(h) in the exercise of its powers and the performance of its duties
under this Article, to acquire, subject to the provisions of this Article,
and to hold in its own name, lease, convey or otherwise dispose of
real and personal property of every kind and description, and any
right, title, interest, franchise or privilege therein, including lands
lying under water or any riparian rights in and adjacent to lands,
and also including property which is already devoted to a public
use in, adjoining or in the vicinity of the navigable waters within
its territorial jurisdiction;