1140                             Laws of Maryland                       [Ch. 670

council, or of said Board of Estimates, as the case may be, for the
approval of such acquisition. This paragraph shall not be construed
to affect or impair the right of the Authority to acquire an option
for the possible later acquisition of any such right, title, interest,
franchise, or privilege;

(4) The power of the Authority to acquire property shall in no
way be deemed to be an exclusive one, and so long as the Authority
has not acquired a particular property for the purposes of this
Article, there shall be no impediment upon the right of any other
person, firm, corporation, or other legal entity to acquire and use
such property.

(5) If the Authority by means of the powers provided herein
acquires any but not all of the assets of an existing public mass
transportation company, the Authority at the request of the public
mass transportation company is required to acquire all of the assets
of the public mass transportation company, as a condition precedent
to its right to acquire any of the assets of the company.

(s) Deal with and enter into written contracts with the employees
of the Authority, WHO MAY FORM A PART OF ANY OPERATING
COMPANY WHICH THE AUTHORITY MAY ACQUIRE, through
accredited representatives of such employees or representatives of any
labor organization authorized to act for such employees concerning
wages, salaries, hours, working conditions, and pension or retirement
provisions.

In case of any labor dispute involving the Authority and its SUCH
employees where collective bargaining does not result in agreement,
the Authority shall submit such dispute to arbitration by a board
composed of three persons, one appointed by the Authority, one ap-
pointed by the labor organization representing the employees, and
a third member to be agreed upon by the labor organization and the
Authority. The member agreed upon by the labor organization and the
Authority shall act as chairman of the board. The determination of
the majority of the board of arbitration thus established shall be
final and binding on all matters in dispute. If after a period of ten
days from the date of the appointment of the two arbitrators repre-
senting the Authority and the labor organization, the third arbitrator
has not been selected, then either arbitrator may request the Ameri-
can Arbitration Association FEDERAL MEDIATION AND CON-
CILIATION SERVICE to furnish a list of five persons from
which the third arbitrator shall be selected. The arbitrators ap-
pointed by the Authority and the labor organization, promptly after
the receipt of such list, shall determine by lot the order of elimination,
and thereafter each shall in that order alternately eliminate one name
until only one name remains. The remaining person on the list shall
be the third arbitrator. The term "labor dispute" shall be broadly
construed and shall include any controversy concerning wages, sal-
aries, hours, working conditions, or benefits including health and
welfare, sick leave, insurance or pension or retirement provisions
but not limited thereto, and including any controversy concerning
any differences or questions that may arise between the parties in-
cluding but not limited to the making or maintaining of collective
bargaining agreements, the terms to be included in such agreements,
and the interpretation or application of such collective bargaining