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Session Laws, 1972
Volume 708, Page 1405   View pdf image
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Marvin Mandel, Governor                       1405

TION so as to accommodate additional wholesale produce merchants,
including those who are presently or who have in the past operated
their businesses in other areas of the City of Baltimore; provided,
however, that prior to undertaking any expansion of the operations
and facilities of the New Marsh Wholesale Produce Market
AT ITS
PRESENT LOCATION for the above-stated purpose, the determina-
tions and any recommendations made as a result of such investigation
shall be submitted by the Authority to the Department of General
Services
, THE DEPARTMENT OF STATE PLANNING and to the
Board of Public Works for the respective approval of each.
The Au-
thority 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 Produce Market Authority and
that any proceeds remaining after the payment of such interest
and principal shall be paid to the State of Maryland in reimburse-
ment 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 Author-
ity. Nothing contained in this subtitle 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
Maryland of 1957. IN THE EVENT OF ANY SALE, LEASE , RE-
VERSION OR DISPOSAL OF THE PROPERTY OF THE AU-
THORITY AS PROVIDED IN THIS SUBTITLE, THE PROPERTY
SHALL NOT BE USED FOR A PERIOD OF FIFTY YEARS
THEREAFTER FOR A WHOLESALE FRESH FRUIT AND
VEGETABLE MARKET OR FOR THE WHOLESALE DISTRIBU-
TION OF FOOD PRODUCTS.

     (c) [The authority, powers and duties provided in this section

shall be contingent upon and become effective only in the event

and City Council of Baltimore by appropriate action [relinquishes]

will relinquish all of its rights, title and interest in the tract of
1

land conveyed by the [mayor] Mayor and [city council] City
Council of Baltimore to the New March Wholesale Produce Market
Authority, said conveyance having been made pursuant to Ordinance

No. 1019, approved July 11, 1957 [.]; provided, however, that the

authority, powers and duties provided in this section shall in no

way be contingent upon the occurrence of such action by the Mayor

and City Council of Baltimore. In the event that the Mayor and

City Council of Baltimore fails to take such action and exercises its

right of reverter retained in its conveyance to the New Marsh Whole-
sale Produce Market Authority, then, in that event, the Authority is

hereby authorized to enter upon and take possession of such tract

of land, provided that the Authority shall first pay to the Mayor

and City Council of Baltimore or into court, for its benefit, such

sum as the Authority shall estimate to be the fair value of the
tract of land and the improvements thereon; provided further, how-

ever, if said sum is so paid into court, the Mayor and City Council
of Baltimore, upon written request to the clerk of said court, shall



 

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Session Laws, 1972
Volume 708, Page 1405   View pdf image
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