562 LAWS OF MARYLAND. [CH. 339

requiring or permitting such receiver to sell, mortgage, or
otherwise dispose of any such assets.

114K. (Revenue Refunding Bonds.) The City is hereby au-
thorized to provide by ordinance for the issuance of its revenue
refunding bonds for the purpose of refunding any general
obligation or revenue bonds then outstanding and issued under
the provisions hereof. The issuance of such revenue refund
ing bonds, the maturities and other details thereof, and the
duties of the City in respect to the same, shall be governed by
the foregoing provisions hereof in so far as the same may be
applicable; provided, however, that no revenue refunding
bonds shall be issued except in exchange for general obligation
or revenue bonds to be refunded thereby or in the amount
necessary to provide for the payment of matured general obli-
gation or revenue bonds or bonds maturing or redeemable
within six months or unmatured general obligation or revenue
bonds which can be acquired for retirement, including any
redemption premium and accrued interest thereon.

114L. (Use of Revenues After Payment of Bonds.) Upon
the final payment of all revenue bonds or revenue refunding
bonds issued with respect to the project, all rates, fees or other
charges thereafter received or collected by the Municipal
Utilities Commission in the operation of such project shall be
first applied by said Commission to the costs of maintenance,
operation, repair and insurance of such project as hereinabove
provided, and the balance of any such receipts and collections
remaining after the payment of such costs and the establish-
ment of adequate depreciation reserves shall become the abso-
lute property of the City to be used by it for any public pur-
pose. All funds held by any trustee under any trust indenture,
executed as hereinabove authorized, shall, upon the final pay-
ment of any such revenue bonds or revenue refunding bonds
with respect to the project, be paid to the City and may be
applied by the City to any public purpose.

114M. (Project Tax Exempt.) So long as the City shall
retain title to the project, such project and the revenues de-
rived therefrom shall be and remain exempt from all taxa-
tion of any kind and nature whatsoever by this State or by
any county or municipality of this State.

114N. (Exclusive Operation.) As soon as the project shall
have been completed and put in operation, the City may pro-
vide by ordinance that there shall be no lighting at municipal
expense of the streets, alleys, squares, lanes, highways, public
buildings or other public places within the corporate limits of