214                                LAWS OF MARYLAND                       [CH. 145

shall be made in such manner that the term of one member shall
expire on July 1, 1968, the term of another member shall expire on
July 1, 1969, the term of another member shall expire on July 1, 1970,
the term of another member shall expire on July 1, 1971, and the
term of the remaining member shall expire on July 1, 1972. Their
successors shall be appointed for terms of five years from the dates
of expiration of their respective terms of office, except that any per-
son appointed to fill a vacancy shall serve only for the unexpired
term. Any member of the Authority is eligible for reappointment.
The Governor, after notice in writing to a member thirty (30) days
in advance of such action, may remove any member appointed by him
OTHER THAN THE EX-OFFICIO MEMBERS for inefficiency, neg-
lect, or misconduct. Any member so notified shall be entitled, to a
hearing before the Governor, provided that request for a hearing be
made in writing to the Governor not later than ten (10) days after
receipt of the notice. In the event of removal the Governor shall
promptly appoint a successor.

(c)    Immediately after appointment, the members of the Au-
thority shall enter upon their duties. The Authority shall elect one
of its members as Chairman and another as Vice-Chairman, and it
shall also elect a Secretary-Treasurer, who may or may not be a
member of the Authority. Four members of the Authority constitute
a quorum. Action shall be by majority vote, each member, including
ex-officio members, being entitled to one vote. No vacancy in the
Authority impairs the right of a quorum to exercise all of the rights
and perform all of the duties of the Authority. The members of the
Authority shall be reimbursed for actual expenses necessarily in-
curred in the performance of their duties. Members other than ex-
officio may be paid such per diem compensation for their services,
not exceeding one thousand dollars ($1,000.00) each year, as the
Authority may establish; provided, however, that such reimburse-
ment shall be made and such compensation shall be paid solely from
funds provided under the authority of this Act.

(d)    Meetings of the Authority shall be held at least quarterly and
shall be called by written notice to each member at least ten (10)
days in advance of the meeting. The Authority shall make necessary
rules and regulations for its own government. The Authority may
delegate to one or more of its members, or to its officers, agents, and
employees, such powers and duties as it deems proper, but no con-
tract is SHALL BE binding on the Authority unless approved or au-
thorized by a resolution of the Authority passed at a regular or special
meeting of the Authority.

(e)    When all of the bonds of the Authority are paid and retired,
and when all of the interest on and principal of all bonds issued by
the Authority hereunder has been paid or provision for such pay-
ment has HAVE been made, in the event that the State of Maryland
shall have levied and collected any State tax for the payment of in-
terest on and principal of said bonds pursuant to the provisions of
Section 10, the Authority shall pay over to the Comptroller of the
State of Maryland out of Market revenues, after deduction for the
cost of maintaining, repairing and operating the market, including
reserves for such purposes and for replacements, depreciation, and
necessary extensions, the amount of any taxes levied and collected by
the State of Maryland for the payment of interest on and principal of
said bonds; and further provided that in the event the Authority ac-