1956]                                OF THE SENATE                                      7

the part of the Senate, to wait upon the Governor and inform him that the
General Assembly is now prepared to receive any communication which
he may desire to make.

We concur in your proposal for the appointment of a joint committee
of five members and have appointed on the part of the Senate, Senators
Phipps and Phoebus.

We also desire to inform you that the Senate is organized, the Honor-
able Louis L. Goldstein having been elected President and J. Waters
Parrish having been elected Secretary of the Senate.

By order,

J. Waters Parrish,

Secretary.
Which was read and adopted.

INTRODUCTION OF BILLS
Senate Bill No. 1—By the President:

A Bill entitled "An Act to add a new Article to the Annotated Code of
Maryland (1951 Edition), to be numbered 62B, title 'Maryland Port
Authority', to follow immediately after Article 62A, creating a body politic
and corporate and an instrumentality of the State of Maryland to be
known as the 'Maryland Port Authority' and defining its members and its
powers and duties; providing for the acquisition by the Authority of cer-
tain existing port facilities of the Mayor and City Council of Baltimore,
for the construction of port facilities, and for the maintenance, repair
and operation thereof; granting to the Authority power under certain
conditions to acquire necessary real and personal property and to exercise
the power of eminent domain; providing for the issuance of special obliga-
tion bonds of the Authority in an aggregate principal amount not exceed-
ing Fifteen Million Dollars ($15,000,000), payable from the proceeds of the
tax on the net income of certain corporations under Section 283 (D-2) of
Article 81 of the Annotated Code of Maryland as enacted by this Act,
and for the issuance of revenue bonds of the Authority; providing for the
application of such special obligation bonds and to the cost of maintenance,
repair and operation of such port facilities and to the administrative ex-
penses of the Authority; authorizing the issuance of revenue refunding
bonds; prescribing the powers and duties of the Authority in connection
with the foregoing and the rights and remedies of the holders of bonds
issued under the provisions of said Article 62B; providing penalties for
a violation of the provisions of said Article 62B and of any rule or regula-
tion lawfully adopted or promulgated by the Authority; to add Section
283 (D-2) to Article 81 of said Code (1951 Edition and 1955 Supplement),
title 'Revenue and Taxes', sub-title 'Income Tax', to follow immediately
after Section 283 (D-l) thereof, providing for the imposition of a tax at
the rate of one-half of one per centum on the net income of certain corpora-
tions, and for the disposition of the proceeds of such tax; to authorize
and direct the said Authority and the Mayor and City Council of Baltimore
to provide by agreement for the apportionment of the duty to perform the
functions, obligations and requirements now vested in the said Mayor
and City Council by Section 6(10) of the Charter of Baltimore City (1949
Edition), title 'City of Baltimore', sub-title 'General Powers', sub-heading
'Harbor, Docks and Wharves', by Section 6(24A) of said Charter, title
'City of Baltimore', sub-title 'General Powers', sub-heading 'Port Develop-
ment', as said section was enacted by Chapter 200 of the Acts of 1951 and