|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
321
|
|
|
|
|
MARVIN MANDEL, Governor
|
|
|
|
|
|
|
|
|
|
|
|
|
|
In subsection (d) of this section, the present
reference to any "successor" of the United
States Department of Transportation is deleted
as unnecessary.
In subsection (e) of this section, the phrase
"before a person authorized by law to take
acknowledgments of deeds" is deleted as
unnecessary in light of Art. 18 of the Code,
dealing with acknowledgments generally, and
§4—204 of the Real Property Article, dealing
with the acknowledgment of deeds, in
particular.
The only other changes are in style.
The Commission notes that former Art. 64B,
§24—repealed by Ch. 608, Acts of
1976—provided generally that "the bonds or
other evidences of indebtedness issued under
{former Art. 64B}, their transfer and the
income therefrom...shall be free at all times
from all...taxation." It is unclear whether
that provision ever was intended to apply to
the transactions contemplated by this section.
To date, this section has not been utilized by
either the Administration or Department;
before it is utilized, consideration should be
given as to whether and to what extent the
transactions ought to be tax exempt.
|
|
|
|
|
|
|
|
|
|
SUBTITLE 4. PURCHASE ACQUISITION AND CONSTRUCTION OF
TRANSIT FACILITIES.
7-401. CONDEMNATION ACQUISITION OF PROPERTY.
(A) CONDEMNATION OF PROPERTY LOCATED IN DISTRICT.
IN CONNECTION WITH ANY MATTER UNDER ITS
JURISDICTION, THE ADMINISTRATION MAY ACQUIRE BY
CONDEMNATION ANY PROPERTY LOCATED IN THE DISTRICT.
(B) ACQUISITION OF PROPERTY OF PRIVATE CARRIER
PRIVATE TRANSIT FACILITIES.
THE ADMINISTRATION MAY PURCHASE THE CAPITAL STOCK OF
A PRIVATE CARRIER OR ACQUIRE BY PURCHASE, LEASE, OR
CONDEMNATION ANY PROPERTY OF A PRIVATE CARRIER USED OR
USEFUL IN RENDERING TRANSIT SERVICE, INCLUDING ANY
ROLLING STOCK, SHOPS, GARAGES, TERMINALS, AND OTHER
ASSETS, PROPERTY, OR FACILITIES.
(C) MANNER OF CONDEMNATION.
ANY CONDEMNATION OF REAL OR PERSONAL PROPERTY UNDER
THIS SECTION SHALL BE INSTITUTED AND MAINTAINED IN THE
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
 |
