Ch. 492 LAWS OF MARYLAND

CHARLES COUNTY ARE NOT OBLIGATED TO PAY SUCH BONDS OR THE
INTEREST THEREON, EXCEPT FROM SUCH REVENUES. THE ISSUANCE OF
SUCH REVENUE BONDS SHALL NOT DIRECTLY, INDIRECTLY OR
CONTINGENTLY OBLIGATE OR EMPOWER THE COUNTY COMMISSIONERS
OF CHARLES COUNTY TO LEVY OR PLEDGE ANY FORM OF TAXATION
WHATEVER THEREFOR, OTHER THAN SPECIAL BENEFIT ASSESSMENTS,
OR TO MAKE ANY APPROPRIATION FOR THEIR PAYMENT.

119-8. TRUST INDENTURES.

THE COUNTY IS HEREBY AUTHORIZED, IN ITS DISCRETION, TO
SECURE ANY REVENUE BONDS ISSUED TO PROVIDE FUNDS FOR ANY
PROJECT OR PROJECTS BY A TRUST INDENTURE 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 THE STATE. AT ANY ONE (1) TIME, THE COUNTY
MAY. IN ITS DISCRETION, BE A PARTY TO ONE (1) OR MORE OF SUCH
TRUST INDENTURES IF REVENUE BONDS HAVE BEEN ISSUED TO
FINANCE MORE THAN A SINGLE PROJECT AS DEFINED IN § 119-2 OF THIS
CHAPTER. SUCH TRUST INDENTURE OR INDENTURES MAY PLEDGE OR
ASSIGN ALL REVENUES TO BE RECEIVED FROM ANY PROJECT OR
PROJECTS. EITHER THE RESOLUTION PROVIDING FOR THE ISSUANCE OF
REVENUE BONDS OR SUCH TRUST INDENTURE OR INDENTURES MAY
CONTAIN SUCH PROVISIONS FOR PROTECTING AND ENFORCING THE
RIGHTS AND REMEDIES OF THE BONDHOLDERS AS MAY BE
REASONABLE AND PROPER, NOT IN VIOLATION OF LAW, INCLUDING
COVENANTS SETTING FORTH THE DUTIES OF THE COUNTY IN RELATION
TO THE CONSTRUCTION, ACQUISITION, IMPROVEMENT, INSTALLATION,
MAINTENANCE, OPERATION, REPAIR AND INSURANCE OF ANY PROJECT
OR PROJECTS AND THE CUSTODY, SAFEGUARDING AND APPLICATION
OF ALL MONEYS, AND MAY PROVIDE THAT ANY PROJECT OR PROJECTS
SHALL BE CONSTRUCTED AND PAID FOR UNDER THE SUPERVISION AND
APPROVAL OF CONSULTING ENGINEERS EMPLOYED OR DESIGNATED BY
THE COUNTY AND SATISFACTORY TO THE TRUSTEE APPOINTED AS
PROVIDED HEREIN AND, IF NONE, THE ORIGINAL PURCHASERS OF THE
BONDS. SUCH TRUST INDENTURE OR INDENTURES MAY FURTHER
PROVIDE THAT THE SECURITY GIVEN BY CONTRACTORS AND BY ANY
DEPOSITARY OF THE PROCEEDS OF THE BONDS OR REVENUES OF ANY
PROJECT OR OTHER MONEYS PERTAINING THERETO BE SATISFACTORY
TO THE TRUSTEE APPOINTED AS PROVIDED HEREIN AND, IF NONE, THE
ORIGINAL PURCHASERS OF THE BONDS. IT SHALL BE LAWFUL FOR ANY
BANK OR TRUST COMPANY INCORPORATED UNDER THE LAWS QF THIS
STATE TO ACT AS DEPOSITARY OF THE PROCEEDS OF THE BONDS OR
REVENUES. SUCH RESOLUTION OR SUCH TRUST INDENTURE OR
INDENTURES MAY SET FORTH THE RIGHTS AND REMEDIES' OF THE
BONDHOLDERS AND OF THE TRUSTEE AND MAY RESTRICT THE
INDIVIDUAL RIGHT OF ACTION OF BONDHOLDERS AS JS CUSTQMARY IN
TRUST INDENTURES SECURING BONDS AND DEBENTURES OF

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