360 LAWS OF MARYLAND [CH. 61

FACE; NOR SHALL SUCH BONDS CONSTITUTE A
DEBT OR OBLIGATION CONTRACTED BY THE GEN-
ERAL ASSEMBLY OR PLEDGE THE FAITH AND
CREDIT OF THE STATE WITHIN THE MEANING OF
SECTION 34 OF ARTICLE 3 OF THE CONSTITUTION
OF THE STATE. ONLY FEES, CHARGES AND REVE-
NUES RECEIVED FROM THE USE OF THE BUILD-
INGS CONSTRUCTED FROM THE PROCEEDS OF
BONDS ISSUED UNDER THE PROVISIONS OF THIS
SUB-TITLE, SHALL BE USED OR APPROPRIATED FOR
THE PAYMENT OF INTEREST OR PRINCIPAL OF
SUCH BONDS.

235D. In the discretion of the Authority, any bonds issued
under the provisions of this sub-title may be secured by a
trust agreement Ity and between the Authority and a corpor-
ate trustee, which may be any trust company or bank 'having
the powers of a trust company within or without the State.
Any such trust agreement may pledge or assign the income,
fees and other revenues to be received from the operation of
the project or projects in connection with which the bonds
secured by such trust agreement shall be issued, but shall not
convey or mortgage any project or any part there-of. Any
such trust agreement or any resolution providing for the is-
suance of such bonds may contain such provisions for protect-
ing 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 Authority
in relation to the acquisition of property and the construc-
tion, improvement, maintenance, repair, operation and insur-
ance of the project or projects in connection with which such
bonds shall have been authorized, and the custody, safeguard-
ing and application of all moneys, and provisions for the em-
ployment of consulting engineers in connection with the con-
struction or operation of such project or projects. It shall be
lawful for any bank or trust company incorporated under the
laws of the State which may act as depositary of the proceeds
of bonds or of revenues to furnish sucli indemnifying bonds
or to pledge such securities as may be required by the Author-
ity. Any such trust agreement may set forth the rights and
remedies of the bondholders and of the trustee, and may re-
strict the individual right of action by bondholders as is cus-
tomary in trust agreements or trust indentures securing
bonds and debentures of corporations. In addition to the
foregoing, any such trust agreement may contain such other
provisions as the Authority may deem reasonable and proper
for the security of the bondholders. All expenses incurred in
carrying out the provisions of any such trust agreement may