Ch. 492 LAWS OF MARYLAND

THE PROVISIONS OF ARTICLE 31, §§ 10 AND 11, OF THE ANNOTATED
CODE OF MARYLAND, 1957 EDITION, AND ANY AMENDMENTS THERETO,
SHALL APPLY TO THE REVENUE BONDS ISSUED HEREUNDER.

G. DISPOSITION OF PROCEEDS. THE PROCEEDS OF THE REVENUE
BONDS OF EACH ISSUE SHALL BE USED SOLELY FOR THE PAYMENT OF
THE COST OF THE PROJECT OR PROJECTS FOR WHICH SUCH BONDS
HAVE BEEN ISSUED AND SHALL BE DISTRIBUTED IN SUCH MANNER AND
UNDER SUCH RESTRICTIONS, IF ANY, AS THE COUNTY MAY PROVIDE IN
THE RESOLUTION AUTHORIZING THE ISSUANCE OF SUCH BONDS OR IN
THE TRUST INDENTURE SECURING THE SAME. IF THE PROCEEDS OF THE
BONDS OF ANY ISSUE, BY ERROR OF ESTIMATES OR OTHERWISE, SHALL
BE LESS THAN SUCH COST, ADDITIONAL BONDS MAY IN LIKE MANNER BE
ISSUED TO PROVIDE THE AMOUNT OF SUCH DEFICIT AND, UNLESS
OTHERWISE PROVIDED IN THE RESOLUTION AUTHORIZING THE
ISSUANCE OF SUCH BONDS OR IN THE TRUST INDENTURE SECURING THE
SAME, SHALL BE DEEMED TO BE OF THE SAME ISSUE AND SHALL BE
ENTITLED TO PAYMENT FROM THE SAME FUND WITHOUT PREFERENCE
OR PRIORITY OF THE BONDS FIRST ISSUED. IF THE PROCEEDS OF THE
BONDS OF ANY fSSUE SHALL EXCEED THE COST OF THE PROJECT OR
PROJECTS FOR WHICH THE SAME SHALL HAVE BEEN ISSUED, THE
SURPLUS SHALL BE DEPOSITED INTO THE SINKING FUND PROVIDED FOR
THE PAYMENT OF PRINCIPAL OF AND INTEREST ON SUCH REVENUE
BONDS.

H. TEMPORARY BONDS; REPLACEMENT. PRIOR TO THE
PREPARATION OF DEFINITIVE REVENUE BONDS, THE COUNTY MAY,
UNDER LIKE RESTRICTIONS, ISSUE INTERIM RECEIPTS OR TEMPORARY
BONDS, WITH OR WITHOUT COUPONS, TO BE EXCHANGED FOR
DEFINITIVE BONDS WHEN SUCH BONDS HAVE BEEN EXECUTED AND ARE
AVAILABLE FOR DELIVERY. THE COUNTY MAY ALSO PROVIDE, BY
RESOLUTION, FOR THE REPLACEMENT OF ANY BONDS WHICH SHALL
BECOME MUTILATED, DESTROYED OR LOST.

I. OTHER PROCEEDINGS. THE REVENUE BONDS AUTHORIZED TO
BE ISSUED HEREUNDER MAY BE ISSUED WITHOUT ANY OTHER
PROCEEDINGS OR THE HAPPENING OF ANY OTHER CONDITIONS OR
THINGS THAN THOSE PROCEEDINGS, CONDITIONS OR THINGS WHICH
ARE SPECIFIED AND REQUIRED HEREIN.

J. REFUNDING BONDS; ISSUANCE. THE COUNTY IS HEREBY
AUTHORIZED TO PROVIDE BY RESOLUTION FOR THE ISSUANCE OF ITS
REVENUE REFUNDING BONDS FOR THE PURPOSE OF REFUNDING ANY
REVENUE BONDS THEN OUTSTANDING AND ISSUED HEREUNDER. THE
ISSUANCE OF SUCH REVENUE REFUNDING BONDS, THE MATURITIES
AND OTHER DETAILS THEREOF, THE RIGHTS OF THE HOLDERS
THEREOF AND THE DUTIES OF THE COUNTY IN RESPECT OF THE SAME
SHALL BE GOVERNED BY THE PROVISIONS HEREOF INSOFAR AS THEY
MAY BE APPLICABLE.

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