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Session Laws, 1961
Volume 654, Page 244   View pdf image (33K)
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244                               Laws of Maryland                       [Ch. 212

Sec. 3. And be it further enacted, That the actual cash proceeds
derived from the sale of the bonds authorized to be issued under
the provisions of this Act, not exceeding the par value thereof,
shall be used exclusively for the following purposes, to wit:

(a)     So much thereof as may be necessary, in addition to the
premiums realized from the sale, if any2 for the cost of issuance,
including the expense of engraving, printing, advertising, attorney's
fees, and all other incidental expenses connected therewith; and

(b)    The remainder of such proceeds shall be used for the ac-
quisition, by purchase, lease, condemnation or any other legal means,
of land or property, or any rights or interests therein, in the City of
Baltimore, and for developing, establishing, constructing, erecting,
altering, expanding, enlarging, improving and equipping buildings,
structures and other facilities on, under or in said land or property,
or on, under or in any land or property that is now or hereafter may
be owned or otherwise held or controlled by the Mayor and City
Council of Baltimore, or on, under or in any land or property owned
or otherwise held or controlled by any private, public or quasi-public
corporation, partnership, association, person or other legal entity,
for storing, parking and servicing self-propelled vehicles, and for the
payment of any and all necessary or proper costs and expenses con-
nected with, or incident to doing any or all of the aforegoing acts or
things; and such proceeds may be used for any or all of the matters
or things hereinbefore mentioned in connection with an underground
structure or facility for storing, parking and servicing self-propelled
vehicles (hereafter called "parking facility") where another build-
ing, structure or facility (hereafter called "additional structure") is
to be or may be established, constructed or erected in whole or in
part above, under, in connection with or adjacent to a parking fa-
cility, provided that none of such proceeds shall be used for or in
connection with the construction or erection of such additional struc-
ture, or any part thereof, or for strengthening or adding to a parking
facility in any manner necessitated by or in connection with the con-
struction or erection of such additional structure; provided, no pe-
troleum products shall be sold or offered for sale at any entrance to,
or exit from, any land so acquired or at any entrance to, or exit
from, any structure erected thereon, when any entrance to, or exit
from, any such land or structure faces a street or highway which is
more than 25 feet wide from curb to curb.

Sec. 4. And be it further enacted, That The Off-Street Parking
Commission of Baltimore City is hereby vested with full power to
administer and supervise the proceeds derived from the sale of the
bonds, including, but not limited to, the expenditure and disposition
thereof. The Commission may appoint a Secretary who shall per-
form such duties as may be imposed upon him by ordinance of the
Mayor and City Council of Baltimore or as may be assigned to him
by the Commission, and appoint, employ, hire or engage such assist-
ants, aides and employees as may be deemed necessary for the proper
performance of the duties of the Commission. The compensation of
said Secretary and other assistants, aides and employees shall be
subject to the approval of the Board of Estimates of the Mayor and
City Council of Baltimore and shall be paid as provided in the annual
Ordinance of Estimates of said municipality. The Commission, with
the prior approval of the Board of Estimates, may employ or hire,
from time to time, by contract, consulting, planning or designing

 

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Session Laws, 1961
Volume 654, Page 244   View pdf image (33K)
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