244 LAWS OF MARYLAND. [CH. 114

without any other proceedings or the happening of any
other conditions or things than those proceedings, condi-
tions and things which are specified and required by this
sub-title.

64T. Bonds Not Debt of the State. Bonds issued pur-
suant to the provisions of this sub-title shall not be deemed
to be a debt of the State of Maryland or a pledge of the
faith and credit of said State, but such bonds shall be pay-
able exclusively from the fund herein provided therefor
from the tolls and revenues of the bridge, and each bond is-
sued under this sub-title shall so state on its face.

64U. All Moneys to be Trust Funds. All moneys re-
ceived pursuant to the authority of this sub-title, whether
as proceeds from the sale of bonds, as grants or other con-
tributions, or as tolls and revenues derived from the bridge,
shall be deemed to be trust funds, to be held and applied
solely as provided in this sub-title. The Commission shall, in
the resolution authorizing the issuance of bonds, or in the
trust indenture hereinafter mentioned, provide for the
payment of the proceeds of the sale of the bonds and the
tolls and revenues to be derived from the bridge to an of-
ficer, agency, bank or trust company, who shall act as trus-
tee of such funds and hold and apply the same to the pur-
poses hereof, subject to such regulations as this sub-title
and such resolution or trust indenture may provide.

64V. Trust Indenture. In the discretion of the Com-
mission, the bonds may be secured by a trust indenture
by and between the Commission and a corporate trustee,
which may be any trust company or bank having the pow-
er of a trust company within or outside of the State. Such
trust indenture may pledge or assign the tolls and revenues
to be derived from the bridge, but shall not convey or mort-
gage the bridge or any part thereof. Either the resolu-
tion providing for the issuance of the bridge revenue bonds
or such trust indenture may contain such provisions for
protecting and enforcing the rights and remedies of the
bondholders as the Commission may deem to be reason-
able and proper, including covenants setting forth the
duties of the Commission in relation to the construction,
maintenance, operation, repair and insurance of the bridge,
and the custody, safeguarding and application of all
moneys, and may also provide that the bridge shall be
constructed and paid for under the supervision and ap-