560 LAWS OF MARYLAND. [CH. 339

relation to the acquisition, construction, improvement, mainte-
nance, operation, repair and insurance of the project, and the
custody, safeguarding and application of all moneys, and may
also require that the security given by contractors and by any
depositary of the proceeds of the bonds or revenues of the
project or other moneys pertaining thereto be satisfactory to
such purchasers. It shall be lawful for any bank or trust
company incorporated under the laws of this State to act as
such depositary and to furnish such indemnifying bonds or to
pledge such securities as may be required by the City. Such
trust agreement may set forth the rights and remedies of the
bondholders and of the trustee, and may restrict the individual
right of action by bondholders as is customary in trust in-
dentures securing bonds and debentures of corporations. In
addition to the foregoing, such trust agreement may contain
such other provisions as the City may deem reasonable and
proper for the security of bondholders. Except as herein
otherwise provided, the City may provide, by ordinance or by
such trust agreement, for the payment of the proceeds of the
sale of the bonds to such officer, commission, board or depos-
itary as it may determine for the custody thereof, and for the
method of disbursement thereof, with such safeguards and
restrictions as it may determine. All expenses incurred in
carrying out such trust agreement may be treated as a part
of the cost of maintenance, operation and repair of the project.

114-I. (Revenues of Project.) All rates, fees and other charges
and all other revenues derived from the project, except such
part thereof as may be required by the Municipal Utilities
Commission to pay the cost of maintaining, repairing and
operating the project, including reserves therefor, and as may
be allocated to such expenses in the ordinance authorizing the
issuance of revenue bonds or in the trust agreement, or such
part of said revenues as may be required by such ordinance or
trust agreement, shall be set aside at such regular intervals
as may be provided in such ordinance or such trust agreement,
in a sinking fund which shall be pledged to, and charged with
the payment of, (1) the interest upon such revenue bonds as
such interest shall fall due, (2) the principal of the revenue
bonds as the same shall fall due, (3) the necessary charges of
paying agents for paying the principal and interest, (4) any
premium upon bonds retired by call or purchase as herein
provided, and (5) the principal and interest of any general
obligation bonds issued hereunder. The use and disposition of
such sinking fund shall be subject to such regulations as may
be provided in the ordinance authorizing the issuance of the
revenue bonds or in the trust agreement, but, except as may
otherwise be provided in such ordinance or trust agreement,