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Theodore R. McKeldin, Governor 21
arbitrators are selected and appointed as hereinbefore mentioned,
the decision of the majority of such arbitrators shall be reported in
writing to the parties and shall be final and binding on them; and
the written decision of the majority of said three (S) arbitrators shall
be made within ninety (90) days after the first two arbitrators have
been appointed, unless said ninety (90) day period is extended in
writing for an additional period of time of not more than thirty (SO)
days by the Board of Estimates and the Authority. All costs and
expenses incurred in connection with any such arbitration proceedings
shall be borne equally by the parties.
The Board of Arbitration, or in the event only one arbitrator is
appointed as hereinbefore provided, then such sole arbitrator shall
have power and authority, among other things, in connection with
any matter which is the subject of controversy, to:
(i) Require each party to the controversy to submit a written
statement of his contention to the Board and send a copy of such
statement to the other party;
(ii) Make investigations, inspections and examinations of all
kinds;
(iii) Taket and receive testimony and other evidence and keep a
permanent record thereof;
(iv) Hold hearings after due notice has been given to the parties
in interest; and
(v) adopt rules and regulations for the conduct of the business
of the Board.
(c) The conveyance and transfer of the properties known as the
McComas Street Terminal or the National Gypsum Company Pier
shall not affect in any way whatsoever the terms, conditions and
covenants of the contracts betiveen the Mayor and City Council of
Baltimore and the Western Maryland Railway Company or the con-
tract between the Mayor and City Council of Baltimore and the
National Gypsum Company, respectively, nor the rights, privileges
and duties of the Western Maryland Railway Company or the
National Gypsum Company, respectively, conferred or imposed by
the aforementioned contracts, and effective on the day of the con-
veyance and transfer of the McComas Street Terminal or the National
Gypsum Company Pier, as the case may be, the rent reserved under
the contract or contracts pertaining to the particular facilities shall
continue to be paid in the same manner as prescribed in the said
contract or contracts by the Western Maryland Railway Company
or the National Gypsum Company to the Authority, and said rent
shall be considered as income to the Authority.
(d) Upon the conveyance and transfer of the McComas Street
Terminal or the National Gypsum Company Pier, as the case may be,
to the Authority, there shall be vested in the Authority the control,
operation and maintenance of said facilities and all rentals, charges
and revenues pertaining thereto, subject only to any existing leases
or contracts relating to such facilities.
(e) Any conveyance of the above-mentioned terminals or piers shall
contain a provision that in the event the Authority is abolished and
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