Ch. 492 LAWS OF MARYLAND

PASSED OR TRUST INDENTURE EXECUTED PURSUANT TO § 119-4 OF THIS
CHAPTER, BY MANDAMUS OR OTHER SUIT, ACTION OR PROCEEDING AT
LAW OR IN EQUITY, TO ENFORCE HIS OR THEIR RIGHTS AGAINST THE
COUNTY, INCLUDING THE RIGHT TO REQUIRE THE COUNTY TO
COLLECT TOLLS, FEES, RENTALS AND OTHER CHARGES ADEQUATE TO
CARRY OUT ANY AGREEMENT AS TO OR PLEDGE OF SUCH TOLLS, FEES,
RENTALS OR OTHER CHARGES OR INCOME, REVENUES AND RECEIPTS;
THE RIGHT TO REQUIRE THE COUNTY TO CARRY OUT ANY OF ITS
COVENANTS AND AGREEMENTS WITH A TRUSTEE OR WITH THE
BONDHOLDERS AND TO PERFORM ITS DUTIES THEREUNDER; THE RIGHT
TO ENJOIN THE COUNTY FROM VIOLATING ANY SUCH COVENANTS AND
AGREEMENTS; AND THE RIGHT TO REQUIRE THE COUNTY TO ACCOUNT
WITH RESPECT TO ANY PROJECT AS THOUGH IT WERE THE TRUSTEE OF
AN EXPRESS TRUST.

119-10. NONLIMITATION OR ALTERATION OF COUNTY RIGHTS.

THE STATE DOES HEREBY PLEDGE TO AND AGREE WITH ANY
PERSON, FIRM OR CORPORATION OR FEDERAL AGENCY SUBSCRIBING
TO OR ACQUIRING THE REVENUE BONDS TO BE ISSUED BY THE COUNTY
FOR ANY PROJECT OR PART THEREOF THAT THE STATE WILL NOT LIMIT
OR ALTER THE RIGHTS HEREBY VESTED IN THE COUNTY UNTIL ALL
SUCH BONDS AT ANY TIME ISSUED TO PROVIDE FUNDS FOR SUCH
PROJECT OR PART THEREOF, TOGETHER WITH THE INTEREST THEREON,
ARE FULLY MET AND DISCHARGED, IT BEING THE INTENT HEREOF THAT
THE COUNTY SHALL CONTINUE TO HAVE AND MAY EXERCISE ALL
POWERS HEREIN GRANTED SO LONG AS THE SAME SHALL BE
NECESSARY OR DESIRABLE FOR THE CARRYING OUT OF SUCH
PURPOSES.

119-11. TAX EXEMPTIONS.

IT IS HEREBY FOUND, DETERMINED AND DECLARED THAT THE
ESTABLISHMENT OF A PROJECT OR PROJECTS UNDER THE PROVISIONS
OF § 119-1 OF THIS CHAPTER IS IN ALL RESPECTS FOR THE BENEFIT OF
THE INHABITANTS OF CHARLES COUNTY AND OF THE STATE OF
MARYLAND AND IS A PUBLIC PURPOSE AND THAT NEITHER THE
COUNTY COMMISSIONERS OF CHARLES COUNTY NOR ANY RECEIVER
APPOINTED UNDER § 119-9 OF THIS CHAPTER SHALL BE REQUIRED TO
PAY ANY TAXES OR ASSESSMENTS UPON ANY PROJECT OWNED OR
ACQUIRED BY THE COUNTY OR ON ANY PART THEREOF OR UPON ITS OR
HIS ACTIVITIES IN THE OPERATION AND MAINTENANCE OF ANY
PROJECT OR UPON ANY REVENUES DERIVED BY IT OR HIM THEREFROM,
AND, IN ADDITION, THE REVENUE BONDS OR OTHER OBLIGATIONS OF
THE COUNTY ISSUED PURSUANT TO § 119-1 OF THIS CHAPTER, THE
INTEREST THEREON AND ANY GAIN REALIZED FROM THE SALE OR
EXCHANGE THEREOF SHALL BE AND REMAIN FOREVER EXEMPT FROM
ALL STATE, MUNICIPAL AND LOCAL TAXATION.

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