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Session Laws, 1976
Volume 734, Page 1666   View pdf image
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1666

LAWS OF MARYLAND

Ch. 608

§18. [§ 158.] Revenue refunding bonds.

The Commission is hereby authorized to provide by
resolution for the issuance of revenue refunding bonds of
the State for the purpose of refunding any bonds then
outstanding which shall have been issued under the
provisions of this subheading, including the payment of
any redemption premium thereon and any interest accrued
or to accrue to the date of redemption of such bonds,
and, if deemed advisable by the Commission, for the
additional purpose of constructing any remaining part or
parts of the Expressway or improvements, extensions or
enlargements of the Expressway. The issuance of such
bonds, the maturities and other details thereof, the
rights and remedies of the holders thereof, and the
rights, duties and obligations of the Commission in
respect of the same, shall be governed by the provisions
of this subheading insofar as the same may be applicable.

§19. [§ 159.] Subheading supplemental and additional to
other laws.

The foregoing sections of this subheading shall be
deemed to provide an additional and alternative method
for the doing of the things authorized thereby, and shall
be regarded as supplemental and additional to powers
conferred by other laws, and shall not be regarded as in
derogation of any powers now existing; provided, however,
that the issuance of revenue bonds or revenue refunding
bonds under the provisions of this subheading need not
comply with the requirements of any other law applicable
to the issuance of bonds.

§20. [§ 160.] Liberal construction.

The provisions of this subheading, being necessary
for the welfare of the State and its inhabitants, shall
be liberally construed to effect the purposes thereof.

§21. [§ 161.] Constitutional construction.

The provisions of this subheading are severable, and
if any of its provisions shall be held unconstitutional
by any court of competent jurisdiction, the decision of
such court shall not affect or impair any of the
remaining provisions.

§22. [§ 162.] Inconsistent laws inapplicable.

All other general or special laws, or parts thereof,
inconsistent herewith are hereby declared to be
inapplicable to the provisions of this subheading.

SECTION 5. AND BE IT FURTHER ENACTED, That Sections
189 through 205A, inclusive, and 209 through 211G,
inclusive, of Article 89b — State Roads, of the Annotated
Code of Maryland (1969 Replacement Volume and 1975

 

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Session Laws, 1976
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