Ch. 5

LAWS OF MARYLAND

Occurred: See Drafter's Note for Article 41, §
13-101. Correction by the Michie Company in the 1988
Cumulative Supplement to the 1986 Replacement Volume
of Volume 4 of the Annotated Code of Maryland is
validated by this Act.

13-115.

The establishment of the market and the park under the
provisions of this subtitle is in all respects for the benefit of
the inhabitants of the State of Maryland or its political
subdivisions and is a public purpose, and the State of [Maryland]
MARYLAND, [and] its political [subdivisions] SUBDIVISIONS, and
the Authority will be performing an essential governmental
function in the exercise of the powers conferred by this
subtitle, and with the exception of State and local real estate
taxes as required [below] BELOW, the Authority shall not be
required to pay any taxes or assessments upon the [market and]
MARKET, the [park] PARK, or any part [thereof] THEREOF, or upon
its activities in the operation and maintenance of the market and
the park or upon any revenues therefrom, and the bonds of the
Authority issued under this subtitle, and the interest thereon
are forever exempt from all State, municipal, and local taxation;
provided however, that wherever the Authority sells or leases
land or market and park facilities to any private entity or
[entities] ENTITIES, such land or market and park facilities
shall be subject to State and local property taxes from the time
of such sale.

DRAFTER'S NOTE:

Error: Omitted commas in Article 41, § 13-115.

Occurred: Ch. 145, Acts of 1967.

14-803.

(b) In the ordinance or resolution described in [§ 14-808]
§ 14-807 of this subtitle, the local governing body may provide
that bonds may be secured and made payable from any combination
of the sources described in subsection (a) of this section and
may further define and determine the source or sources of
security and payment of the bonds.

DRAFTER'S NOTE:

Error: Erroneous cross-reference in Article 41, §
14-803(b).

Occurred: Ch. 745, Acts of 1987.

14-804.

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