1054                                      LAWS OF MARYLAND                                Ch. 470

amount. The total amount loaned by any one of the retirement systems may at no
time exceed ten (10%) percent of its assets. Such property may be acquired by
purchase or condemnation under the provisions of [Article 33A] TITLE 12 OF
ARTICLE 21, or Article 89B of [the Annotated] THIS Code" [of Maryland].

125.

(b) Whenever a reasonable price cannot be agreed upon, or whenever the owner
is legally incapacitated or is absent, unknown or unable to convey valid title, the
Commission is hereby authorized and empowered to acquire by condemnation or
by the exercise of the power of eminent domain any lands, property, rights,
rights-of-way, franchises, easements and other property of any person,
copartnership, association, railroad, public service, public utility or other
corporation, or municipality (including Baltimore City) or political subdivision
deemed necessary or convenient for the construction or the efficient operation of
any project or necessary in the restoration of public or private property damaged
or destroyed. Any such proceedings shall be conducted, and the compensation to
be paid shall be ascertained and paid, in the manner provided by or referred to in
§ 8 or § 64 or § 9 of this article or in [Article 33A title "Eminent Domain" of the
Annotated] TITLE 12 OF ARTICLE 21 OF THIS Code [of Maryland], or in
any of said sections or amendments thereto, or by the Constitution or any other
law or laws of the State of Maryland then applicable which relate to condemnation
or to the exercise of the power of eminent domain. The Commission is further
authorized and empowered to exercise in this State and in any adjoining state, or
in the District of Columbia or the City of Washington, such powers of eminent
domain and such franchises as may be conferred upon this State or the
Commission by any act of the Congress of the United States or any act of the
legislature of any adjoining state now in force or which may hereafter be enacted
or which may be granted or assigned to the State or the Commission. Title to any
property acquired by the Commission shall be taken in the name of the State. In
any condemnation proceedings the court having jurisdiction of the suit, action or
proceeding may make such orders as may be just to the Commission and to the
owners of the property to be condemned and may require an undertaking or other
security to secure such owners against any loss or damage by reason of the failure
of the Commission to accept and pay for the property, but neither such
undertaking or security nor any act or obligation of the Commission shall impose
any liability upon the State except as may be paid from the funds provided under
the authority of this subheading.

146.

(b) Whenever a reasonable price cannot be agreed upon, or whenever the owner
is legally incapacitated or is absent, unknown or unable to convey valid title, the
Commission is hereby authorized and empowered to acquire by condemnation or
by the exercise of the power of eminent domain any lands, rights-of-way, property,
rights, franchises, easements and other property of any person, copartnership,
association, railroad, public service, public utility or other corporation, or
municipality or political subdivision deemed necessary or convenient for the
construction or the efficient operation of any project or necessary in the restoration
of public or private property damaged or destroyed. Any such proceedings shall be
conducted, and the compensation to be paid shall be ascertained and paid, in the
manner provided by or referred to in § 8 or § 64 or § 9 of this article or in
[Article 33A, title "Eminent Domain" of the Annotated) TITLE 12 OF
ARTICLE 21 OF THIS Code [of Maryland], or in any of said sections or
amendments thereto, or by the Constitution or any other law or laws of the State
of Maryland then applicable which relate to condemnation or to the exercise of the
power of eminent domain. Title to any property acquired by the Commission shall
be taken in the name of the State. In any condemnation proceeding the court