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Session Laws, 1957
Volume 640, Page 1595   View pdf image (33K)
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Theodore R. McKeldin, Governor                   1595

ADDITIONAL BONDS SHALL RANK EQUALLY AND ON A
PARITY WITH THE OTHER BONDS AUTHORIZED THEREBY.

THE AUTHORITY IS HEREBY AUTHORIZED TO PROVIDE
BY RESOLUTION FOR THE ISSUANCE OF ITS REFUNDING
BONDS FOR THE PURPOSE OF REFUNDING ANY BONDS
THEN OUTSTANDING AND ISSUED UNDER THE PROVI-
SIONS OF THIS ACT. THE ISSUANCE OF SUCH REFUNDING
BONDS, THE DETAILS THEREOF, THE RIGHTS OF THE
HOLDERS THEREOF, AND THE DUTIES OF THE AUTHORITY
IN RESPECT TO THE SAME, SHALL BE GOVERNED BY THE
PROVISIONS OF THIS ACT INSOFAR AS THE SAME MAY BE
APPLICABLE. SUCH REFUNDING BONDS SHALL MATURE
AT SUCH TIME OR TIMES NOT EXCEEDING FIFTEEN (15)
YEARS FROM THE DATE OR DATES OF THEIR RESPECTIVE
ISSUES AS MAY BE DETERMINED BY THE AUTHORITY.

THE AUTHORITY IS FURTHER AUTHORIZED TO PROVIDE
BY RESOLUTION FOR THE ISSUANCE OF A SINGLE ISSUE
OF ITS BONDS FOR THE COMBINED PURPOSES OF (1) PAY-
ING THE COST OF ANY IMPROVEMENT, EXTENSION, EN-
LARGEMENT OR RECONSTRUCTION OF THE MARKET AND
(2) OF REFUNDING ITS BONDS WHICH SHALL THERETO-
FORE HAVE BEEN ISSUED FOR SUCH MARKET AND SHALL
THEN BE OUTSTANDING AND WHICH SHALL THEN HAVE
MATURED OR BE SUBJECT TO REDEMPTION OR CAN BE
ACQUIRED FOR RETIREMENT. SUCH REFUNDING BONDS
SHALL MATURE AT SUCH TIME OR TIMES NOT EXCEEDING
FIFTEEN (15) YEARS FROM THE DATE OR DATES OF THEIR
RESPECTIVE ISSUES AS MAY BE DETERMINED BY THE
AUTHORITY.

11. (REVENUES.) THE AUTHORITY IS HEREBY AUTHOR-
IZED TO FIX AND TO REVISE, FROM TIME TO TIME, RATES
OR CHARGES FOR THE USE OF THE FACILITIES OF THE
MARKET INCLUDING PARKING AND OTHER ANCILLARY
FACILITIES, AND TO CHARGE AND COLLECT THE SAME,
AND TO CONTRACT WITH ANY PERSON, PARTNERSHIP, AS-
SOCIATION OR CORPORATION DESIRING THE USE OF ANY
OF THE FACILITIES OF THE MARKET OR ANY PART OR
PARTS THEREOF, AND TO FIX THE TERMS, CONDITIONS
AND RATES OF CHARGES FOR SUCH USE.

SUCH RATES OR CHARGES SHALL BE SO FIXED AND AD-
JUSTED AS TO PROVIDE MAXIMUM REVENUES FROM THE
MARKET AS DETERMINED BY THE AUTHORITY, AND SUCH
RATES OR CHARGES SHALL NOT BE SUBJECT TO SUPER-
VISION OR REGULATION BY ANY OTHER COMMISSION,
BOARD, BUREAU OR AGENCY OF THE STATE OR ANY
POLITICAL SUBDIVISION THEREOF. THE RATES, CHARGES
AND ALL OTHER REVENUES DERIVED FROM THE MARKET,
EXCEPT SUCH PART OR PARTS THEREOF AS MAY BE RE-
QUIRED TO PAY THE COST OF MAINTAINING, REPAIRING,
AND OPERATING THE MARKET AND TO PROVIDE SUCH RE-
SERVES AS MAY BE PROVIDED FOR IN THE RESOLUTION
AUTHORIZING THE ISSUANCE OF THE BONDS OR IN THE
TRUST INDENTURE, SHALL BE SET ASIDE AT SUCH REGU-
LAR INTERVALS AS MAY BE PROVIDED IN SUCH RESOLU-

 

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Session Laws, 1957
Volume 640, Page 1595   View pdf image (33K)
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