WM. PRESTON LANE, JR., GOVERNOR 359

tables of bond values, excluding, however, from such compu-
tation the amount of any premium to be paid on redemption
of any bonds prior to maturity.

(b) The proceeds of the bonds of each issue shall be used
solely for the payment of the cost of the project or projects
for which such bonds shall have been issued, and shall be dis-
bursed in such manner and under such restrictions, if any, as
the Authority may provide in the resolution authorizing the
issuance of such bonds or in the trust agreement hereinafter
mentioned securing the same. If the proceeds of the bonds
of any issue, by error of estimates or otherwise, shall be less
than such cost, additional bonds may in like manner be issued
to provide the amount of such deficit, and, unless otherwise
provided in the resolution authorizing the issuance of such
bonds or in the trust agreement securing the same, shall be
deemed to be of the same issue and shall be entitled to pay-
ment from the same fund without preference or priority of
the bonds first issued. If the proceeds of the bonds of any
issue shall exceed the cost of the project or projects for which
the same shall have been issued, the surplus shall be deposited
to the credit of the funds for the payment of the interest and
principal of said bonds.

(c) Prior to the preparation of definitive bonds, the Author-
ity may, under like restrictions, issue interim receipts or
temporary bonds, with or without coupons, exchangeable for
definitive bonds when such bonds shall have been executed
and are available for delivery. The Authority may also pro-
vide for the replacement of any bonds which shall become
mutilated or shall be destroyed or lost.

(d) Bonds may be issued under the provisions of this sub-
title without obtaining the consent of any department, divi-
sion, commission, board, bureau, or agency of the State, and
without any other proceedings or the happening of any other
conditions or things than those proceedings, conditions or
things which are specifically required by this sub-title. The
provisions of Sections 34 to 36, inclusive, of Article 31 of the
Annotated Code of Maryland (1939 Edition), and any amend-
ments thereto, shall not apply to revenue bonds issued under
the provisions of this sub-title.

(e) ANY BONDS ISSUED UNDER AUTHORITY OF
THIS SUB-TITLE SHALL NOT CREATE OR CONSTI-
TUTE ANY INDEBTEDNESS OR OBLIGATION OF THE
STATE OF MARYLAND OR OF ANY POLITICAL SUB-
DIVISION THEREOF, EXCEPT THE AUTHORITY,
EITHER LEGAL, EQUITABLE, MORAL OR OTHER
WISE, AND THE BONDS SHALL SO STATE ON THEIR