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Session Laws, 1975
Volume 716, Page 3251   View pdf image
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MARVIN MANDEL, Governor

3251

IS binding on the Authority unless approved or authorized
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
thereunder] has been paid or provision for [such] THE
payment [have] HAS been made, in the event that the State
[of Maryland] shall have levied and collected any State
tax for the payment of interest on and principal of
[said] THE bonds pursuant to the provisions of § 419, 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] THE bonds [; and further provided that in]. IN
the event the Authority acquires the property of the New
Marsh Wholesale Produce Market Authority and assumes all
the duties, obligations and liabilities thereof as
provided in § 415 of this subtitle, the Authority shall
pay over to the Comptroller of the State of Maryland out
of market revenues [as aforesaid] the amount of any taxes
levied and collected by the State [of Maryland] under
Chapter 845 of the Laws of Maryland of 1957 for the
payment of interest on and the principal of the bonds
issued by the New Marsh Wholesale Produce Market
Authority. The payments to the State shall be without
interest and shall be made within [sixty (60)] 60 days
after the end of each fiscal year of the Authority which
begins after the year in which all of the bonds have been
paid and retired, or in which provision for such payment
has been made, until all of the State tax has been repaid
to the State [of Maryland].

413.

As used in this subtitle, the words and terms listed
in this section and used in their place have the meaning
indicated unless the context shall indicate another or
different meaning or intent.

(a)     "Authority" means The [Greater Baltimore
Consolidated] MARYLAND Wholesale Pood CENTER [Market]
Authority, created by § 412 of this subtitle.

(b)    "Cost of the market" means the purchase price,
the cost of all land, property rights, easements, and
franchises, deemed necessary for the construction and
establishment of the market, the cost of relocation of
wholesale food dealers referred to in § 414(h), the cost

 

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Session Laws, 1975
Volume 716, Page 3251   View pdf image
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