748 LAWS OF MARYLAND. [CH. 330

equipment on such terms and for such consideration as it shall
determine, provided, however, that no lease shall be made for
a period of more than twenty years from the date when it is
made.

(m) To issue negotiable bonds, notes and other evidences
of indebtedness and to provide for the rights of the holders
thereof, subject, however, to the limitations herein set forth.

(n) To enter on any lands, waters and premises for the
purpose of making surveys, soundings and examinations.

(o) To dp all things necessary or convenient to carry out
the powers given in this Act.

78. All moneys of the Authority, from whatever source
derived, shall be kept in the custody of the Treasurer of the
Authority and deposited in such banks or trust companies as
the Authority may select. The Treasurer shall give a cor-
porate surety bond to the Authority in such amount as the
Authority may in its discretion determine. Said moneys shall
be paid out on check of the Treasurer, countersigned by the
Chairman of the Board or such other person or persons as the
Board may authorize. All deposits of such moneys shall, if
required by the Board, be secured by obligations of the United
States or of the State of Maryland of a market value equal
at all times to the amount of the deposit, or in lieu of any
such pledge of such securities, by a surety bond or bonds
which shall be in form, sufficiency and substance satisfactory
to the Authority, and all banks and trust companies are au-
thorized to give such security for such deposits. The State
Comptroller and his legally authorized representatives are
hereby authorized and empowered from time to time to ex-
amine the accounts and books of the Authority, including its
receipts, disbursements, contracts, leases, sinking funds, in-
vestments and any other matters relating to its financial
standing.

79. The Authority is hereby authorized and empowered to
create a debt for, or borrow, from time to time, from any
person, firm or corporation, including the Federal Emergency
Administrator of Public Works, or any other Federal Agency,
sums not to exceed in aggregate principal amount Eleven Mil-
lion, Seven Hundred and Twenty Thousand Dollars ($11, -
720, 000) for the purposes hereinafter set forth. The Author-
ity is also authorized to borrow temporarily, from time to
time, such additional sums of money as in the discretion of
the Board may be required for the proper operation of the
projects.