THEODORE E. MCKELDIN, GOVERNOR 1069

those proceedings, conditions and things which are speci-
fied and required by this Act.

Any resolution providing for the issuance of revenue
bonds may also, provide for the issuance of additional reve-
nue bonds, not exceeding an amount to be fixed in such
resolution or in the trust indenture securing said bonds,
for the purpose of paying the cost of any extensions, addi-
tions and improvements which may thereafter become
necessary to the facility or facilities for which said bonds
were originally issued; such additional revenue bonds may
be sold from time to time in the manner hereinabove pro-
vided, and shall be deemed a part of the original issue au-
thorized by such resolution, and shall be issued under such
restrictions and limitations as may be prescribed by such
resolution or trust indenture; provided, however, that such
additional bonds shall rank equally and on a parity with
the other bonds authorized thereby.

The Authority is hereby authorized to provide by reso-
lution for the issuance of its revenue refunding bonds for
the purpose of refunding any revenue bonds then outstand-
ing and issued under the provisions of this Act. The issu-
ance of such revenue refunding bonds, the maturities and
other details thereof, the rights of the holders thereof, and
the duties of the Authority in respect to the same, shall be
governed by the provisions of this Act insofar as the same
may be applicable.

The Authority is further authorized to provide by reso-
lution for the issuance of a single issue of its revenue bonds
for the combined purposes of (1) paying the cost of any
improvement, extension, enlargement or reconstruction of
any facility or facilities, and/or of any new project or
projects, and (2) of refunding its revenue bonds which
shall theretofore have been issued for such facility or facili-
ties and shall then be outstanding and which shall then
have matured or be subject to redemption or can be ac-
quired for retirement.

SEC. 8. And be it further enacted, That all moneys re-
ceived from any revenue bonds issued and sold under the
provisions of this Act shall be applied solely for the par-
ticular purposes for which such bonds shall be authorized
or to the sinking fund created for the payment of such
bonds, and are hereby declared to be trust funds for such
purposes or such sinking fund, as the case may be, and
there shall be and there hereby is created and granted a
lien upon such moneys until so applied in favor of the
holders of such bonds or the trustee hereinafter provided
for in respect of such bonds.