1396 LAWS OF MARYLAND. [CH. 561

moneys shall be paid shall act as trustee of such moneys and
shall hold and apply the same for the purposes hereof, subject
to such regulations as this sub-title and such resolution or
trust agreement may provide.

122L. (Remedies.) Any holder of bonds issued under the
provisions of this sub-title or any of the coupons appertaining
thereto, and the trustee under any trust agreement, except to
the extent the rights herein given may be restricted by such
trust agreement, may, either at law or in equity, by suit,
action, mandamus or other proceeding, protect and enforce
any and all rights under the laws of the State or granted
hereunder or under such trust agreement or the resolution
authorizing the issuance of such bonds, and may enforce and
compel the performance of all duties required by this sub-title
or by such trust agreement or resolution to be performed by
the Commission or by any officer thereof, including the fixing,
charging and collecting of tolls.

122M. (Exemption from Taxation.) The exercise of the
powers granted by this sub-title will be in all respects for the
benefit of the people of the State, for the increase of their
commerce and prosperity, and for the improvement of their
health, living conditions and general welfare, and as the opera-
tion and maintenance of projects by the Commission will con-
stitute the performance of essential governmental functions,
the Commission shall not be required to pay any taxes or
assessments upon any project or any property acquired or
used by the Commission under the provisions of this sub-title
or upon the income therefrom, and the bonds issued under the
provisions of this sub-title, their transfer and the income
therefrom (including any profit made on the sale thereof) shall
at all times be free from taxation by the State of Maryland or
by any of its political subdivisions, or by any town or incor-
porated municipality or any other public agency within the
State.

122N. (Bonds Eligible for Investment.) Bonds issued
under the provisions of this sub-title are hereby made securi-
ties in which all public officers and public agencies of the
State and its political subdivisions, and all banks, trust com-
panies, savings and loan associations, investment companies
and others carrying on a banking business, all insurance com-
panies and insurance associations and others carrying on an
insurance business, all administrators, executors, guardians,
trustees and other fiduciaries, and all other persons may
legally and properly invest funds, including capital in their
control or belonging to them. Such bonds are hereby made
securities which may properly and legally be deposited with