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Session Laws, 1957
Volume 640, Page 650   View pdf image (33K)
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650                               Laws of Maryland                        [Ch. 446

agreements are necessary, and to enter into any and all agreements
which may be necessary for the acquisition or construction of toll
bridges by the Authority, under such terms and conditions as may
fee desirable;

(q) To acquire, by assignment from the State or the County, con-
tracts which are not completed and which involve constructing,
improving, equipping, furnishing, maintaining, and operating the
structures, facilities or undertakings similar to those designated
herein as projects;

(r) To convey to the County, all of its right- , title and interest in
and to any project or projects if the revenue bonds or revenue re-
funding bonds issued pursuant to the terms of this Act for the
purpose of providing the funds for the cost of such project or
projects shall have been paid and retired which conveyances, under
such circumstances as provided herein, must in all cases be made
by the Authority to the County, provided, however, that the Author-
ity may, subject to the approval of the County Council of Mont-
gomery County expressed by resolution passed before any of such
bonds are issued, provide by the resolution authorizing the original
issue of such revenue bonds or revenue refunding bonds that the
said project or projects shall be and remain an asset of the Authority
for the purpose of providing additional revenue as security for
other revenue bonds which may thereafter be issued;

Except as otherwise provided by law, when projects are to be
constructed or improved by the Authority for the use of the County,
or any department thereof, no plans or specifications therefor shall
be presented for quotations or bids until such plans and specifica-
tions shall have been submitted to and approved by the Department
of Public Works of Montgomery County.
COUNTY MANAGER OF
MONTGOMERY COUNTY OR HIS DESIGNATED AGENTS.

4. (Powers of the County)—The County Council of Montgomery
County is hereby authorized and empowered through its proper
officials:

(a) To convey to the Authority its title to any lands, streets,
alleys, buildings, facilities, or other public places upon payment to
the County of the reasonable value of such properties, such value
to be determined by the Authority and by the County Council of
Montgomery County, such payment to be in cash or in bonds of the
Authority at par;

(to) To assign to the Authority any rates, rentals, fees or charges
new being or hereafter received by the County, such assignment to
be made for the purpose of providing additional security for any
bonds to be issued under this Act or for such other purposes as may
be agreed to between the Authority and the County; and

(c) To advance to the Authority from the general funds of the
County sums to be used by the Authority solely to defray expenses
for investigations, engineering and architectural studies, opinions,
and compensation of employees and counsel which may be incurred
prior to the sale of its revenue bonds, provided, however, that such
advances shall be repaid out of the first proceeds of the sale of rev-
enue bonds by the Authority following any such advance.

 

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Session Laws, 1957
Volume 640, Page 650   View pdf image (33K)
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