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Session Laws, 1963
Volume 671, Page 2046   View pdf image (33K)
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2046                            LAWS OF MARYLAND                      [CH. 886

OF THIS ARTICLE, THERE SHALL BE NO IMPEDIMENT
UPON THE RIGHT OF ANY OTHER PERSON, FIRM, CORPO-
RATION, OR OTHER LEGAL ENTITY TO ACQUIRE AND USE
SUCH PROPERTY.

(5) IF THE AUTHORITY BY MEANS OF THE POWERS
PROVIDED HEREIN INITIATES THE ACQUISITION OF ANY
BUT NOT ALL OF THE ASSETS OF AN EXISTING PUBLIC
MASS TRANSPORTATION COMPANY, THE AUTHORITY IS
REQUIRED TO ACQUIRE ALL OF THE ASSETS OF THE PUB-
LIC MASS TRANSPORTATION COMPANY USED OR USEFUL
IN THE OPERATION OF SUCH COMPANY'S PUBLIC TRANS-
PORTATION SYSTEM, AS A CONDITION PRECEDENT TO ITS
RIGHT TO ACQUIRE ANY OF THE ASSETS OF THE COM-
PANY.

7.     (T) PROVIDED BY RESOLUTION FOR MEETING THE
COST OF CARRYING OUT THE NONADMINISTRATIVE GEN-
ERAL POWERS SET FORTH IN THIS SECTION:

(1)   THROUGH THE EXPENDITURE OF ANY FUNDS
AVAILABLE FOR THAT PURPOSE;

(2)   THROUGH THE ISSUANCE OF BONDS, NOTES, OR
OTHER EVIDENCES OF INDEBTEDNESS FOR THAT PUR-
POSE, PAYABLE SOLELY FROM REVENUES DERIVED FROM
ANY PUBLIC TRANSIT OR TRANSPORTATION FACILITIES
OWNED BY THE AUTHORITY;

(3)   THROUGH THE ISSUANCE OF BONDS, NOTES, OR
OTHER EVIDENCES OF INDEBTEDNESS SECURED SOLELY
BY THE CREDIT OF SPECIFIC PROPERTY OWNED BY THE
AUTHORITY;

(4)  FROM ANY OTHER FUNDS WHICH MAY BE OBTAINED
FOR THAT PURPOSE UNDER ANY LAW OF THE UNITED
STATES OR ANY STATE; OR

(5)   FROM ANY COMBINATION OF ANY OR ALL SUCH
METHODS OF PROVIDING FUNDS FOR THAT PURPOSE.

8.     (E) THE AUTHORITY MAY BY ORDER DIRECT THAT
ANY PROCEEDINGS REASONABLY NECESSARY AND PROP-
ER TO THE EXERCISE OF ANY OF ITS POWERS OR THE
PERFORMANCE OF ANY OF ITS DUTIES SHALL BE INI-
TIALLY CONDUCTED BEFORE AN EXAMINER APPOINTED
BY THE AUTHORITY, WHICH EXAMINER MAY BE A MEM-
BER, OFFICER OR EMPLOYEE OF THE AUTHORITY, OR
SUCH OTHER QUALIFIED PERSON AS THE AUTHORITY
MAY DESIGNATE, AND SUCH EXAMINER SHALL THERE-
UPON HEAR, DETERMINE, ORDER, CERTIFY, REPORT OR
OTHERWISE ACT AS TO ANY WORK, BUSINESS OR FUNC-
TIONS ASSIGNED OR REFERRED UNTO HIM PURSUANT TO
THE PROVISIONS OF THIS SECTION, AND WITH RESPECT
THERETO SHALL HAVE ALL THE JURISDICTION AND
POWERS CONFERRED BY LAW UPON THE AUTHORITY,
AND SHALL BE SUBJECT TO THE SAME DUTIES AND OBLI-
GATIONS. THE AUTHORITY MAY PAY SUCH EXAMINER
REASONABLE COMPENSATION FOR HIS SERVICES.

 

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Session Laws, 1963
Volume 671, Page 2046   View pdf image (33K)
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