146 LAWS OF MARYLAND. [CH. 30

(a) To pledge the full faith and credit and unlimited
taxing power of the municipality to the punctual payment
of the principal of and interest on the bonds.

(b) To pledge all or any part of the fees, rents, tolls or
other charges and/or proceeds from special assessments
heretofore or hereafter levied or collected by the munici-
pality which it is authorized by law to levy and collect at
the time of said pledge or which it may thereafter become
authorized to levy and collect, either pursuant to this Act
or pursuant to any other law hereafter to be enacted, from
or with respect to any public works project heretofore
existing or hereafter to be constructed.

(c) To covenant against pledging all or any part of the
fees, rents, tolls, or other charges received or receivable by
the municipality from any public works project, to which
its right then exists or the right to which may thereafter
come into existence.

(d) To covenant against mortgaging all or any part of
any public works project, or against permitting or suffer-
ing any lien thereon.

(e) To covenant as to the fees, rents or tolls to be
charged, the amount (calculated as may be determined) to
be raised in each year or other period of time, and as to the
use and disposition to be made thereof.

(f) To covenant and prescribe as to the events of de-
fault and terms and conditions upon which any or all of its
bonds shall become or may be declared due before maturity
and as to the terms and conditions upon which such
declaration and its consequences may be waived.

(g) To covenant as to the rights, liabilities, powers and
duties arising upon the breach by it of any covenant, con-
dition, or obligation.

SEC. 9. And be it further enacted, That in connection
with the issuance of bonds, and in order to secure the pay-
ment of its bonds, any municipality shall also have the
power:

(a) To provide for the terms, form, registration, ex-
change, execution and authentication of bonds.

(b) To provide for the replacement of lost, destroyed
or mutilated bonds.

(c) To covenant, to set aside or pay over reserves and
sinking funds and as to the disposition thereof;