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Session Laws, 1967
Volume 681, Page 220   View pdf image (33K)
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220                                LAWS OF MARYLAND                       [CH. 145

6.

(a) The New Marsh Wholesale Produce Market Authority, as the
same was created by Chapter 662 of the Laws of Maryland of 1955
and amended by Chapter 845 of the Laws of Maryland of 1957, shall
transfer to the Authority, at such time as the market has reached
such a state of completion that the tenants of the New Marsh Whole-
sale Produce Market Authority may move their business operations
to the market, all of the land, buildings, structures, facilities, equip-
ment and other property acquired by the New Marsh Produce Au-
thority pursuant to the provisions of said Chapter 662 and Chapter
84.5; and upon such transfer the Authority shall assume and be
charged with all of the duties, obligations and liabilities and shall be
vested with all of the rights of the New Marsh Wholesale Produce
Market Authority and the New Marsh Wholesale Produce Market Au-
thority shall cease to exist. The Authority with the approval of the
Board of Public Works may sell, lease or otherwise dispose of the
land, buildings, structures, facilities, equipment and other property so
acquired for such consideration and in such manner as is in the best
interest of the State of Maryland and the Authority; provided that
the proceeds derived from any such sale, lease or other conveyance
shall first be dedicated to the payment of the interest on and the
principal of the outstanding bonds of the New Marsh Wholesale Pro-
duce Market Authority and that any proceeds remaining after the
payment of such interest and principal shall be paid to the State of
Maryland in reimbursement of the amount of any taxes levied and
collected by the State of Maryland for the payment of interest on and
principal of the bonds issued by the New Marsh Wholesale Produce
Market Authority. Nothing contained in this Act is intended to relieve
the State of Maryland of its obligations to the holders of the bonds
issued by the New Marsh Wholesale Produce Market Authority as
said obligations were imposed by Chapter 845 of the Laws of Mary-
land of 1957.

(b) The wholesale food dealers, including the venders of ice and
baskets, who are tenants of the New March Wholesale Produce
Market
Authority at the time of the termination of the existence of
the New Marsh Wholesale Produce Market Authority as provided in
this Section and who wish to relocate in the market established pur-
suant to the provisions of this Act shall be entitled to the applicable
payments authorized by Section 5(8) hereof.

ALL PERSONS, PARTNERSHIPS, CORPORATIONS OR
OTHER LEGAL ENTITIES WHICH ARE TENANTS OF THE
NEW MARSH WHOLESALE PRODUCE MARKET AUTHORITY
AT THE TIME OF THE ESTABLISHMENT OF THE MARKET
HAVE AN OPTION TO RELOCATE IN THE MARKET ESTAB-
LISHED PURSUANT TO THE PROVISIONS OF THIS ACT.
SUCH TENANTS WHO ELECT TO RELOCATE IN SAID MAR-
KET SHALL BE ENTITLED TO LEASE FROM THE AUTHOR-
ITY, AND THE AUTHORITY SHALL LEASE TO SUCH
TENANTS FACILITIES COMPARABLE IN SIZE AND KIND
TO THOSE OCCUPIED BY SUCH TENANTS IN THE NEW
MARSH WHOLESALE PRODUCE MARKET. NOTHING IN
THIS SUBSECTION PRECLUDES OR AFFECTS THE RIGHT
OF ANY OTHER DEALER, VENDOR, BANK OR ANY
OTHER BUSINESS NORMALLY ASSOCIATED WITH THE
WHOLESALE FOOD BUSINESS TO BID FOR THE RIGHT TO

 

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Session Laws, 1967
Volume 681, Page 220   View pdf image (33K)
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