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Session Laws, 1968
Volume 683, Page 1094   View pdf image
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1094                           LAWS OF MARYLAND                       CH. 574

the issuance of said bonds, or any portion thereof, as the case may be,
shall set forth in detail the dates when any of the bonds are to
mature and the amount to mature upon such dates.

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 pre-
miums realized from the sale, if any, for the cost of issuance, includ-
ing 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 acqui-
sition, 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, erect-
ing, altering, expanding, enlarging, improving and equipping build-
ings, 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-pro-
pelled vehicles, and for the payment of any and all necessary or
proper costs and expenses connected 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 "park-
ing facility") where another building, structure or facility (here-
after 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 facility, provided that none of such
proceeds shall be used for or in connection with the construction or
erection of such additional structure, or any part thereof, or for
strengthening or adding to a parking facility in any manner necessi-
tated by or in connection with the construction or erection of such
additional structure; provided, no petroleum 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 struc-
ture 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 compen-
sation of said Secretary and other assistants, aides and employees

 

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Session Laws, 1968
Volume 683, Page 1094   View pdf image
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