Ch. 311

LAWS OF MARYLAND

In addition, the legal entity shall pay to the State of Maryland,
or any of its political subdivisions, the amount of State and
local property taxes as the same accrue from the time of the
transfer of the property to such legal entity;

(8)  Assist wholesale food dealers and tenants who
wish to relocate their operations to the market or who wish to
locate their operations in the market or the park. In
furtherance of such power, the Authority may acquire, by
negotiation and purchase, the land, buildings, structures,
facilities, equipment, leases, or any interest therein, and may
pay all or a part of reasonable moving expenses for personal
property necessary to be moved in the relocation or location of
those dealers and tenants who, in the best judgment of the
Authority, afford the greatest opportunity of success for the
market or the park, and which expenses of acquisition, location,
or relocation the Authority, in the responsible exercise of its
discretion, believes it has the most favorable opportunity of
regaining;

(9)  Appoint and dismiss officers, agents and
employees, including, but not limited to, engineering,
architectural, fiscal, and construction experts and attorneys,
and fix their compensation;

(10)  Borrow money for any of its corporate purposes
including the power to mortgage or further encumber its property
as security for such loan and issue negotiable bonds as
hereinafter provided in this subtitle; all money and funds of the
Authority may be invested; all interest earned and all other
income from any investments shall be credited to the Authority;

(11)  Receive appropriate gifts, contributions of
money, supplies, goods, and services, or loans thereof, and may
accept appropriations, allotments, and loans of funds from the
State of Maryland, the United States of America, any federal
corporation or agency and any municipal corporation or political
subdivision of the State of Maryland; but the bonds of the
Authority shall be a primary lien upon the revenues of the
Authority, and any loan or appropriation from the federal, State
or municipal government shall be secondary;

(12)  Exercise any power usually possessed by private
corporations in performing similar functions, which is not in
conflict with the Constitution and the laws of this State;

(13)  Acquire, construct, maintain, equip, and operate
any wharves, docks, piers, quays, and other structures, and any
facilities necessary for commerce, including the dredging of
approaches;

(14) Adopt reasonable rules and regulations
concerning the use of streets, alleys, driveways, docking slips,

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