Ch. 219

LAWS OF MARYLAND

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] PROJECT 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 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 § 13-106 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] PROJECT 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.

13-111.

(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] PROJECTS,
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.

(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] PROJECT 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 thereof is obligated to pay the principal or the
interest thereon except from [market or park] PROJECT revenues.

(1) The Authority may provide by resolution for the
issuance of a single issue of its revenue bonds for the combined
purposes of (1) paying the cost of any improvement, extension,
enlargement, or reconstruction of [the market or park] A PROJECT
and (2) refunding its bonds theretofore issued for such [market
and park] PROJECT and then outstanding and which shall then have
matured or be subject to redemption or can be acquired for
retirement. The revenue refunding bonds shall mature at such
time or times not exceeding 40 years from the date or dates of
their respective issues as may be determined by the Authority.

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