HERBERT R. O'CONOR, GOVERNOR. 1531

all bonds issued under this Act shall mature within fifteen
years from their date. The principal and interest of such
bonds shall be payable in any lawful medium constituting
legal tender for the payment of debts at the time such prin-
cipal and interest shall become due. The trust indenture may
contain suitable provisions for the setting aside annually
of sufficient funds to meet the serial maturities and it may
contain alternative or additional provisions for the redemp-
tion of bonds before maturity at the option of the Com-
mission, at such price or prices and under such terms and
conditions as may be fixed by the Commission prior to the
issuance of the bonds, or for the purchase of bonds from
time to time at the best prices obtainable not exceeding
par plus accrued interest. Bonds so redeemed or purchased
shall not be re-issued but shall forthwith be cancelled.

140E. The trust indenture shall pledge or assign tolls
and revenues to be received from the operation of the ferry
but shall not convey or mortgage the ferry property or
any part thereof. The trust indenture may contain such
provisions for protecting and enforcing the rights and
remedies of the bondholders as may be reasonable and
proper, and not in violation of law, including covenants
setting forth the duties of the Commission in relation to
the maintenance, operation, repair and insurance of the
ferry project, and the custody, safeguarding and applica-
tion of all monies pertaining thereto. It shall be lawful for
any national bank in this State or for any bank or trust
company incorporated under the laws of this State, to act
as depository of the funds and to furnish such indemnify-
ing bonds or to pledge such securities as may be required
by the Commission. Such indenture may set forth the rights
and remedies of the bondholders and of the trustee, and
may restrict the individual right of action of bondholders.
In addition to the foregoing, such trust indenture may
contain provisions for the resignation, removal or substi-
tution of the trustee, for the issuance of new bonds in lieu
of lost, destroyed o>r mutilated bonds, and such other pro-
visions as the Commission may deem reasonable and proper
for the security of bondholders and for effectuating the
purpose of this Act. The compensation of the trustee and
all other expenses incurred in carrying out such trust
indenture may be treated as a part of the cost of mainte-
nance, operation, and repairs of the ferry project affected
by such indenture.

140F. In order to provide for the sale of the said rev-
enue bonds the Commission is hereby directed to advertise
twice a week for two successive weeks before the said