clear space clear space clear space white space
A
 r c h i v e s   o f   M a r y l a n d   O n l i n e
  Maryland State Archives | Index | Help | Search search for:
clear space
white space
Session Laws, 1959
Volume 642, Page 1090   View pdf image (33K)
 Jump to  
  << PREVIOUS  NEXT >>
clear space clear space clear space white space

1090                               Laws of Maryland                         [Ch. 724

Charles County, in addition to all other power and authority here-
tofore conferred upon said County Commissioners:

(a)  to acquire by purchase, lease, condemnation or otherwise, real,
personal or mixed property, or any interest therein, or any buildings
or improvements thereon, for the purpose of constructing, recon-
constructing, improving or enlarging thereon any project, as defined
in Section 84B;

(b)  to construct, reconstruct, improve, repair, develop, redevelop,
equip, furnish, maintain and operate any such project on any such
property so acquired;

(c)   to sell subject to the limitations contained in Section 84E,
to lease, or otherwise demise any project so acquired or constructed,
pursuant to the foregoing authority, to any person, firm or corpora-
tion or to any public or private agency or municipality on such a
basis as to fully reimburse the County, either at one time or over a
period of years, for the cost of any such project, as defined in Sec-
tion 84B;

(d)  to fix, charge and collect, without obtaining the approval of
any other agency of the State, tolls, rates, rentals or other charges
for any such project on such basis as to enable the County to pay its
expenses in providing any such project, as aforesaid, and to provide
for the maintenance and operation thereof and for the payment of
the principal of and interest on any revenue bonds or obligations
issued or incurred by the County, pursuant to the authority hereof
to finance the acquisition of any such project, and to enable the
County to fulfill the terms and provisions of any agreements made
by it with the purchasers or holders of any such bonds or obligations,
or with any trustee for any such purchasers or holders;

(e)  to borrow money and to evidence the same by the issuance of
its revenue bonds, certificates, or obligations and to secure the pay-
ment of the same, and the interest thereon, by pledge or indenture of
trust of all or any part of the revenues, tolls, rentals and receipts
from any such project;

(f)  to adopt appropriate resolutions authorizing the issuance of any
such revenue bonds, certificates or obligations and to covenant in
any such resolution that the same shall be treated as a binding con-
tract with the holders from time to time of any such bonds, certifi-
cates or obligations and, in pursuance thereof, to provide in any such
resolution for the security of said bonds, certificates or obligations
and the rights of the holders thereof;

(g)  to make and enter into contracts of every kind and nature,
including, without limiting the generality of this authority, leases,
indentures of trust and other related instruments and to execute all
such instruments necessary or convenient for the purpose of carrying
out the authority hereby conferred;

(h) to pledge, hypothecate, or otherwise encumber all or any of
the tolls, rents, revenues or receipts realized by the County in the
exercise of the authority hereby conferred as security for any or all
of the revenue bonds, certificates or obligations issued by the County,
pursuant to the authority hereof, including the establishment with
independent trustees of separate sinking funds into which any such


 

clear space
clear space
white space

Please view image to verify text. To report an error, please contact us.
Session Laws, 1959
Volume 642, Page 1090   View pdf image (33K)
 Jump to  
  << PREVIOUS  NEXT >>


This web site is presented for reference purposes under the doctrine of fair use. When this material is used, in whole or in part, proper citation and credit must be attributed to the Maryland State Archives. PLEASE NOTE: The site may contain material from other sources which may be under copyright. Rights assessment, and full originating source citation, is the responsibility of the user.


Tell Us What You Think About the Maryland State Archives Website!



An Archives of Maryland electronic publication.
For information contact mdlegal@mdarchives.state.md.us.

©Copyright  October 10, 2023
Maryland State Archives