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Session Laws, 1976
Volume 734, Page 1662   View pdf image
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1662

LAWS OF MARYLAND

Ch. 608

has been made for deposits to the sinking fund to meet
the payments with which such sinking fund is charged as
provided in such resolution or such trust agreement, to
use tolls and all other revenues derived from the
Expressway to pay the cost of the Expressway, including
any additions, improvements and betterments to the
Expressway as initially constructed together with
engineering and other expenses incurred in connection
with such additions, improvements and betterments. The
use and disposition of moneys to the credit of such
sinking fund shall be subject to the provisions of the
resolution authorizing the issuance of such bonds or of
such trust agreement. Except as may otherwise be
provided in such resolution or such trust agreement, such
sinking fund shall be a fund for all such bonds without
distinction or priority of one over another.

(b) Covenant to pay cost of maintenance, etc.; tolls
and contracts for turnpike projects; gasoline service
facilities. —Notwithstanding any of the foregoing
provisions of this section, the Commission may, by
resolution passed prior to the issuance of revenue bonds
under the provisions of this subheading or in the trust
agreement securing such bonds, covenant to pay all or any
part of the cost of maintaining, repairing and operating
the Expressway, and, inasmuch as the Expressway will at
all times belong to the State, such covenant will have
the force of contract between the State and the holders
of such revenue bonds.

The Commission is hereby authorized to fix, revise,
charge and collect, tolls for the use of each turnpike
project and the different parts or sections thereof, and
to contract with any person, partnership, association or
corporation desiring the use of any part thereof,
including the right—of—way adjoining the paved portion,
for placing thereon telephone, telegraph, electric light
or power lines, gasoline stations, garages, stores,
hotels, and restaurants, or for any other purpose except
for tracks for railroad or railway use, and to fix the
terms, conditions, rents and rates of charge for such
use.

Provided, however, that the Commission shall
construct any gasoline service facilities which it may
determine are needed on the project, and provided
further, that to afford users of the project a reasonable
choice of motor fuels manufactured, produced or marketed
by different companies, each such gasoline service
station shall be separately offered for lease upon sealed
bids, and after notice of the offer has been published
once a week in three successive weeks in a newspaper
having general circulation in this State; and in order to
promote competition and prevent monopolies, a sufficient
number of gasoline service stations not less than two in
number may be established in each service area along any
Expressway, and the fuel products offered for sale and
sold on said Expressway shall be sold at not more than
the price prevailing for said products at service
stations adjacent to and in the vicinity of said
Expressway, and the lessee of any service station so

 

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Session Laws, 1976
Volume 734, Page 1662   View pdf image
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