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Ch. 650
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LAWS OF MARYLAND
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2074
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(h) After all principal of and interest on all revenue
bonds issued under the authority of § 420 of this subtitle shall
have been paid in full, and market AND PARK revenues are no
longer obligated in whole or in part to the payment thereof, the
Authority shall continue to remain in existence, and shall
thenceforth pay over to the Comptroller of the State of Maryland
out of market AND PARK revenues the amount of any taxes levied
and collected by the State of Maryland under subsection (f) of
this section for the payment of interest on and principal of the
general [obligations] OBLIGATION bonds authorized by this
section; and further provided that in the event the Authority
acquires the property of the New Marsh Wholesale Produce Market
Authority and assumes all the duties, obligations and liabilities
thereof as provided in § 415 of this subtitle, the Authority
shall continue to hold all of its property and shall continue to
remain in existence as aforesaid until it has paid over to the
Comptroller of the State of Maryland out of market AND PARK
revenues as aforesaid the amount of any taxes levied and
collected by the State of Maryland under Chapter 845 of the Laws
of Maryland of 1957 for the payment of interest on and the
principal of the bonds issued by the New Marsh Wholesale Produce
Market Authority.
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 $25,000,000 in the aggregate, for the purpose of paying
all or a part of the cost of the market AND THE PARK, and for ail
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, payable semiannually, and shall mature at such
time or times not exceeding [forty (40)) 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.
(c) Revenue bonds issued under the provisions of this
section shall not be deemed to constitute a debt of the State or
of any political subdivision thereof or a pledge of the faith and
credit of the State or of any such political subdivision, but the
bonds shall be payable solely from the funds herein provided
therefor from market OR PARK revenues. All revenue bonds shall
contain on the face thereof a statement to the effect that
neither the Authority nor the State nor any political subdivision
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