(a)
Bridge authority authorized. The Board of
County Commissioners of Worcester County is authorized and empowered
to create an Assateague Island Bridge Authority, under this or another
name. Any such authority, if and when created, may be empowered with
the general duty and function of constructing and operating a bridge,
together with approach facilities, between Assateague Island and the
mainland of Worcester County. In creating an authority, the County
Commissioners shall provide generally for its necessary personnel,
its power to construct and operate such a bridge, its power to issue
revenue bonds therefor, its power to provide for and collect necessary
revenues to pay the cost of constructing and maintaining a bridge
and its approach facilities, as well as the cost of payments of principal
and interest on the revenue bonds, and also its power to provide for
public utilities on Assateague Island. The Board of County Commissioners
shall not create any such authority unless and until the need and
feasibility for such a bridge shall have been determined upon in the
affirmative by a committee formed for that purpose, pursuant to action
taken in the General Assembly of Maryland at its 1959 session.
(b)
Bonds for bridge authorized. The Board of
County Commissioners of Worcester County is authorized to issue and
sell serial bonds upon the faith and credit of Worcester County in
an amount not exceeding two hundred seventy-five thousand dollars
for the purpose of defraying part of the cost of constructing a bridge
or a combination bridge and causeway, together with the approaches
thereto, across Sinepuxent Bay between Assateague Island and the mainland
in the State of Maryland, this sum or any portion thereof to be used
in conjunction with moneys supplied for the same purpose by the State
of Maryland, the State Roads Commission of Maryland or from any other
source or by any one or a combination of these agencies and sources.
Such action of the Board of County Commissioners of Worcester County
shall be by resolution of the Board which sets forth in general terms
the project for which the funds are to be expended and the manner
in which the proceeds shall be spent, all in accordance herewith.
