Theodore R. McKeldin, Governor                  1591

CHAPTER 845
(House Bill 624)

AN ACT to repeal and re-enact, with amendments, Sections 4 (3),
and 4 (5), 8 AND 11 of Chapter 662 of the Laws of Maryland of
1955, known as The New Marsh Wholesale Produce Market Au-
thority Act, and to add two new sections to said Chapter 662, said
new sections to be known as 14A and 15A and to follow immedi-
ately after Sections 14 and 15 respectively thereof, removing cer-
tain restrictions on the right of The New Marsh Wholesale Produce
Market Authority to relocate and/or replace Centre or Marsh
Market and to construct, operate and maintain a wholesale produce
market open to all wholesale produce operators in the area of Balti-
more City, and to permit the City of Baltimore to convey without
consideration to the Authority real or personal property suitable
for use by the Authority and to increase from Five Thousand Dol-
lars ($5,000.00) to Fifty Thousand Dollars ($50,000.00) the
amount of funds appropriated for use by the Authority prior to
the sale of bonds, said sum of money to be repaid to the State of
Maryland from the proceeds of said bonds; and to provide that the
State of Maryland will levy a tax, to the extent necessary to supple-
ment market revenues, for the payment of principal of and interest
on Market Authority bonds, AND TO PROVIDE THAT BONDS
OF THE AUTHORITY SHALL MATURE NOT LATER THAN
FIFTEEN (15) YEARS FROM THE DATE OF ISSUE, AND
THAT THE AUTHORITY SHALL REIMBURSE THE STATE
OF MARYLAND, OUT OF MARKET REVENUES, FOR THE
AMOUNT OF ANY TAX COLLECTED FOR THE PAYMENT
OF PRINCIPAL OF AND INTEREST ON SAID BONDS; AND
GENERALLY REVISING THE LAWS PERTAINING TO THE
NEW MARSH WHOLESALE PRODUCE MARKET AUTHOR-
ITY.

Section 1. Be it enacted by the General Assembly of Maryland,
That Sections 4 (3), and 4 (5), 8 AND 11 of Chapter 662 of the Laws
of Maryland of 1955, known as The New Marsh Wholesale Produce
Market Authority Act, be and they are hereby repealed and re-
enacted, with amendments, and that two new sections be and they
are hereby added to said Chapter 662, said new sections to be known
as Sections 14A and 15A, to follow immediately after Sections 14 and
15 of said Act respectively, and all to read as follows:

4 (3) To establish, construct, erect, acquire, own, repair, remodel,
add to, extend, improve, equip, operate and maintain a market to re-
locate and/or replace Centre or Marsh Market in Baltimore City
and to pay the cost of the market, including parking and other
ancillary facilities appurtenant thereto, solely from the proceeds of

revenue bonds of the Authority or from such proceeds and any grant
from the United States of America or any agency or instrumentality
thereof THE POWER OF THE AUTHORITY HEREUNDER NOT
TO INCLUDE POWER TO REGULATE OR CONTROL EXISTING

Explanation: Italics indicate new matter added to existing law.

[Brackets] indicate matter stricken from existing law.
CAPITALS indicate amendments to bill.
Strike out indicates matter stricken out of bill.