1358
LAWS OF MARYLAND
Ch. 482
420.
(a) The Authority may provide by resolution for the
issuance at one time, or in series from time to time, of
negotiable revenue bonds of the Authority in an amount not
to exceed [six million dollars ($6,000,000)] $25,000,000 in
the aggregate, for the purpose of paying all or a part of
the cost of the market, and for all other purposes set out
in this subtitle. Such bonds and any interest coupons to be
attached shall be executed in such manner as determined by
the Authority.
(b) The bonds shall be dated, shall bear interest at
such rate or rates [not exceeding six per centum per annum],
payable semiannually, and shall mature at such time or times
not exceeding forty (40) years from the date or dates of
their respective issues as may be determined by the
Authority, and may be made redeemable before maturity, at
the option of the Authority, at such price or prices and
under such terms and conditions as may be fixed by the
Authority prior to the issuance of the bonds. The principal
of and the interest on such bonds may be made payable in any
lawful medium and shall be payable solely from the funds
provided by this subtitle for such payment.
421.
(a) The Authority may fix and revise from time to
time, rates or charges for the use of the facilities of the
market, including [parking and other] ANY ancillary OR OTHER
APPURTENANT facilities, and charge and collect the same, and
contract with any person, partnership, association, or
corporation desiring the use of any of the facilities of the
market or any part or parts thereof, and fix the terms,
conditions, and rates of charges for such use.
SECTION 2. AND BE IT FURTHER ENACTED, That if any
provision of this Act or the application thereof to any
person or circumstance is held invalid for any reason in a
court of competent jurisdiction, the invalidity does not
affect other provisions or any other application of this Act
which can be given effect without the invalid provision or
application, and for this purpose the provisions of this Act
are declared severable.
SECTION 2. 3. AND BE IT FURTHER ENACTED, That this
Act shall take effect July 1, 1979.
Approved May 29, 1979.
CHAPTER 483
|
![clear space](../../../images/clear.gif) |