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Session Laws, 1964
Volume 672, Page 107   View pdf image (33K)
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J. MILLARD TAWES, Governor                      107

to construct, maintain, repair and operate a toll express highway, to
be known as the ["Northeastern Expressway,"] "John F. Kennedy
Memorial Highway" (originally known as the "Northeastern Ex-
pressway"),
from a point at or within the city limits of the City of
Baltimore northeasterly between U. S. Routes No. 40 and 1 to a point
at or near the boundary line between this State and the Common-
wealth of Pennsylvania, including a connection to a point at or
near the boundary line between this State and the State of Dela-
ware, and to issue revenue bonds of the State, payable solely from
revenues, to pay the cost of the [Northeastern Expressway] John F.
Kennedy Memorial Highway;
and the [Northeastern Expressway]
John F. Kennedy Memorial Highway may include as an integral
part thereof a new bridge across the Susquehanna River at a loca-
tion to be selected by the Commission after a study of the most
feasible and advantageous route to be traversed or said Express-
way may be construed so as to utilize the presently existing Susque-
hanna toll bridge and its approaches on the Pulaski highway until
such time as the traffic load justifies the construction of a new
bridge across the Susquehanna River. In the event the Commis-
sion exercises the power herein granted to build a new bridge across
the Susquehanna River then said Commission is authorized to issue
additional bonds or certificates of indebtedness secured by toll
revenue from the [Northeastern Expressway] John F. Kennedy
Memorial Highway
and/or the new Susquehanna River bridge. The
Commission may and is hereby expressly authorized to deposit all of
the tolls and revenues from such new bridge as may be constructed
across the Susquehanna River under the provisions of this subhead-
ing with the Fidelity-Baltimore National Bank & Trust Company
(hereinafter called the "trustee"), trustee under the trust agreement
(hereinafter called the "trust agreement"), dated as of October 1,
1954, between the Commission and the trustee, such tolls and reve-
nues, when so deposited, to be placed by the trustee in the revenue
fund created pursuant to the provisions of the trust agreement, to
be collected, held and disbursed by the trustee in the same manner and
in all respects as a part of said revenue fund for the maintenance
and operation of the toll revenue projects described and referred to
in the trust agreement, for the creation of reserves and for the pay-
ment of principal and interest and premium, if any, on the State of
Maryland bridge and tunnel revenue bonds (hereinafter called the
"bonds"), issued pursuant to the trust agreement, in the same manner
as if said tolls and revenues from such new bridge had been received
as tolls and revenues from one of the toll revenue projects described
in the trust agreement. The Commission is hereby authorized to
enter into a supplemental agreement with the trustee, supplemental
to the trust agreement, and shall determine thereby for what period
or periods of time the said tolls and revenues from the new bridge
shall be paid over to the trustee as aforesaid, and when such deter-
mination shall have been made by the Commission and incorporated
in such supplemental agreement such determination shall not be
changed by the Commission or by the State of Maryland or any
agency or instrumentality thereof, but shall continue in accordance
with the provisions of such supplemental agreement. Such supple-
mental agreement, if entered into, shall provide, among other matters,
(a) for the payment of the tolls and revenues from the bridge to be
constructed under the provisions of this subheading to the trustee
under the trust agreement as hereinbefore provided, (b) for setting

 

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Session Laws, 1964
Volume 672, Page 107   View pdf image (33K)
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