Ch. 492 LAWS OF MARYLAND

MAINTENANCE AND OPERATION THEREOF AND FOR THE PAYMENT OF
THE PRINCIPAL OF AND INTEREST ON ANY REVENUE BONDS OR
.OBLIGATIONS ISSUED OR INCURRED BY THE COUNTY, PURSUANT TO
THE AUTHORITY HEREOF TO FINANCE THE ACQUISITION OF ANY SUCH
PROJECT, AND TO ENABLE THE COUNTY TO FULFILL THE TERMS AND
PROVISIONS OF ANY AGREEMENTS MADE BY IT WITH THE PURCHASERS
OR HOLDERS OF ANY SUCH BONDS OR OBLIGATIONS OR WITH ANY
TRUSTEE FOR ANY SUCH PURCHASERS OR HOLDERS.

E. TO BORROW MONEY AND TO EVIDENCE THE SAME BY THE
ISSUANCE OF ITS REVENUE BONDS, CERTIFICATES OR OBLIGATIONS
AND TO SECURE THE PAYMENT OF THE SAME AND THE INTEREST
THEREON BY PLEDGE OR INDENTURE OF TRUST OF ALL OR ANY PART
OF THE REVENUES, TOLLS, RENTALS AND RECEIPTS FROM ANY SUCH
PROJECT.

F. TO ADOPT APPROPRIATE RESOLUTIONS AUTHORIZING THE
ISSUANCE OF ANY SUCH REVENUE BONDS, CERTIFICATES OR
OBLIGATIONS AND TO COVENANT IN ANY SUCH RESOLUTION THAT THE
SAME SHALL BE TREATED AS A BINDING CONTRACT WITH THE HOLDER
FROM TIME TO TIME OF ANY SUCH BONDS, CERTIFICATES OR
OBLIGATIONS AND, IN PURSUANCE THEREOF, TO PROVIDE IN ANY SUCH
RESOLUTION FOR THE SECURITY OF SAID BONDS, CERTIFICATES OR
OBLIGATIONS AND THE RIGHTS OF THE HOLDERS THEREOF.

G. TO MAKE AND ENTER INTO CONTRACTS OF EVERY KIND AND
NATURE, INCLUDING, WITHOUT LIMITING THE GENERALITY OF THIS
AUTHORITY, LEASES, INDENTURES OF TRUST AND OTHER RELATED
INSTRUMENTS, AND TO EXECUTE ALL SUCH INSTRUMENTS NECESSARY
OR CONVENIENT FOR THE PURPOSE OF CARRYING OUT THE AUTHORITY
HEREBY CONFERRED.

H. TO PLEDGE, HYPOTHECATE OR OTHERWISE ENCUMBER ALL
OR ANY OF THE TOLLS, RENTS, REVENUES OR RECEIPTS REALIZED BY
THE COUNTY IN THE EXERCISE OF THE AUTHORITY HEREBY
CONFERRED AS SECURITY FOR ANY OR ALL OF THE REVENUE BONDS,
CERTIFICATES OR OBLIGATIONS ISSUED BY THE COUNTY, PURSUANT TO
THE AUTHORITY HEREOF, INCLUDING THE ESTABLISHMENT WITH
INDEPENDENT TRUSTEES OF SEPARATE SINKING FUNDS INTO WHICH
ANY SUCH TOLLS, RENTS, REVENUES OR RECEIPTS SHALL BE
PERIODICALLY DEPOSITED AND WHICH SHALL BE USED FOR THE
PAYMENT OR PRIOR REDEMPTION, AS AGREED, OF ANY SUCH REVENUE
BONDS OR OBLIGATIONS AND THE INTEREST THEREON.

I. TO EMPLOY AND FIX THE DUTIES AND COMPENSATION OF
SPECIAL ENGINEERS, ATTORNEYS, ACCOUNTANTS, ARCHITECTS,
PLANNERS AND OTHER PERSONS NECESSARY TO ENABLE THE COUNTY
TO EFFECTIVELY CARRY OUT THE POWERS HEREBY CONFERRED.

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