MARVIN MANDEL, Governor 1663
established shall be required to accept in payment for
products sold and services rendered such credit cards as
directed by the Maryland Transportation Authority. In
the event an acceptable bid shall be received in the
judgment of the Commission, each such lease shall be
awarded to the highest responsible bidder therefor, but
no one person may be awarded a lease or have the use of
more than 50% of the total number of service stations on
the entire project, nor shall any one supplier,
distributor, or retailer of motor fuel have the right to
market fuel identified by its trademark, trade name, or
brand, at more than 50% of the total number of service
stations on the entire project.
§10. [§ 150.] Moneys received under subheading deemed
trust funds.
All moneys received pursuant to the authority of
this subheading, whether as proceeds from the sale of
bonds or as revenues, shall be deemed to be trust funds
to be held and applied solely as provided in this
subheading. The resolution authorizing the bonds or the
trust agreement securing such bonds shall provide that
any officer with whom, or any bank or trust company with
which, such moneys shall be deposited shall act as
trustee of such moneys and shall hold and apply the same
for the purposes hereof, subject to such regulations as
this subheading and such resolution or trust agreement
may provide.
§11. [§ 151. ] Remedies.
Any holder of bonds issued under the provisions of
this subheading or any of the coupons appertaining
thereto, and the trustee under any trust agreement,
except to the extent the rights herein given may be
restricted by such trust agreement or the resolution
authorizing the issuance of such bonds, may, either at
law or in equity, by suit, action, mandamus or other
proceeding, protect and enforce any and all rights under
the laws of the State or granted hereunder or under such
trust agreement or the resolution authorizing the
issuance of such bonds, and may enforce and compel the
performance of all duties required by this subheading or
by such trust agreement or resolution to be performed by
the Commission or by any officer thereof, including the
fixing, charging and collecting of tolls.
§12. [§ 152.] Bonds deemed negotiable instruments.
Notwithstanding any of the foregoing provisions of
this subheading or any recitals in any bonds issued under
the provisions of this subheading, all such bonds shall
be deemed to be negotiable instruments under the laws of
this State.
§13. [§ 153.] Exemptions from taxation.
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