Marvin Mandel, Governor 733
420.
(n) In the discretion of the Authority, the revenue bonds may
be secured by a trust indenture by and between the Authority and
a corporate trustee, which may be any trust company or bank having
the powers of a trust company within or outside of the State. Such
trust indenture may pledge or assign all revenues to be received
from the market, but it shall not convey or mortgage the market
or any part or parts thereof except with the express consent of the
Board of Public Works. The trust indenture may provide that any
money realized from the sale or the disposition of any of the land,
buildings, structures, facilities, equipment and other property of the
market may be used to pay the interest on and [principle] principal
of the revenue bonds. Either the resolution providing for the is-
suance of bonds or the trust indenture may contain provisions for
protecting and enforcing the rights and remedies of the bondholders
as reasonable and proper, not in violation of law, including covenants
setting forth the duties of the Authority in relation to the con-
struction, acquisition, improvement, installation, maintenance, op-
eration, repairs, and insurance of the market and the custody, safe-
guarding, and application of all monies; and may provide that the
market be constructed and paid for under the supervision and ap-
proval of consulting engineers employed or designated by the Author-
ity and satisfactory to the original purchasers of the bonds issued
hereunder; and may further provide that the security given by
contractors and by any depositary of the proceeds of the bonds or
revenues of the market or other monies pertaining thereto be satis-
factory to the purchasers. It shall be lawful for any bank or trust
company incorporated under the laws of this State to act as deposi-
tary of the proceeds of the bonds or revenue and to furnish such
indemnity bonds or to pledge such securities as may be required by
the Authority.
The resolution or trust indenture may set forth the rights and
remedies of the bondholders and of the trustee, and may restrict the
individual right of action of bondholders as is customary in trust
indentures securing bonds and debentures of corporations. Except
as in this subtitle otherwise provided, the Authority may provide
by resolution or by the trust indenture for the payment of the pro-
ceeds of the sale of the bonds and the revenue of the market to
such officer, board, or depositary as it determines for the custody
thereof, and for the method of disbursement thereof, with such
safeguards and restrictions as it determines. All expenses incurred
in carrying out such trust indenture may be treated as a part of
the cost of maintenance, operation and repair of the market.
422.
Any holder of bonds issued under the provisions of this subtitle
or of any of the coupons attached thereto, and the trustee under the
trust indenture, if any, except to the extent the [right] rights
herein given are restricted by resolution passed before the issuance
of the bonds or by the trust indenture, either at law or in equity,
by suit, action mandamus, or other proceedings, may protect and
enforce any and all rights under the laws of Maryland or granted
hereunder or under the resolution or trust indenture, and may en-
force and compel performance of all duties required by this subtitle
or by the resolution or trust indenture to be performed by the
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