596 LAWS OF MARYLAND. [CH. 342

same to the purposes hereof, subject to such regulations as
such resolution or trust agreement may provide.

SEC. 5. And be it further enacted, That in the discretion
of the County, said issue of revenue bonds may be secured by
a trust agreement by and between the County and a corporate
trustee, which may be any trust company or bank having the
powers of a trust company within or outside of this State.
Such trust agreement may pledge or assign the net revenues
to be received from the bridge, but shall not convey or mort-
gage said bridge or any part thereof. Either the resolution
providing for the issuance of revenue bonds or such trust
agreement may contain such provisions for protecting and en-
forcing the rights and remedies of the bondholders as may be
reasonable and proper and not in violation of law, including
covenants setting forth the duties of the County in relation
to the acquisition, construction, improvement, maintenance,
operation, repair and insurance of the bridge, and the custody,
safeguarding and application of all moneys, and may also
require that the security given by contractors and by any
depository of the proceeds of the bonds or revenues of the
bridge 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 depository and to furnish such indemnifying bonds or to
pledge such securities as may be required by the County.
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 indentures securing bonds and debentures of corpora-
tions. In addition to the foregoing, such trust agreement may
contain such other provisions as the County may deem reason-
able and proper for the security of bondholders. Except as
herein otherwise provided, the County may provide, by resolu-
tion or by such trust agreement, for the payment of the pro-
ceeds of the sale of the bonds to such officer, commission, board
or depository as it may determine for the custody thereof,
and for the method of disbursement thereof, with such safe-
guards 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 bridge.

SEC. 6. And be it further enacted, That all revenues de-
rived from the bridge, except such part thereof as may be
required to pay the cost of maintaining, repairing and operat-
ing the bridge, including reserves therefor, and as may be
allocated to such expenses in the resolution authorizing the
issuance of revenue bonds or in the trust agreement, or such