1070 LAWS OP MARYLAND [CH. 345

SEC. 9. And be it further enacted, That in the discre-
tion of the Authority, any issue of revenue bonds, or rev-
enue refunding bonds, may be secured by a trust indenture
by and between the Authority and a corporate trustee,
which may be any trust company or bank having the pow-
ers of a trust company within or outside of the State.
Such trust indenture may pledge or assign all revenues
to be received from the project or projects, or facility or
facilities, covered thereby, but shall not convey or mort-
gage any such project or facility, or any part thereof.
Either the resolution providing for the issuance of such
bonds or such 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 Authority in relation to the construction,
acquisition, improvement, installation, maintenance, opera-
tion, repair and insurance of any project or projects, or
facility or facilities and the custody, safeguarding and
application of all moneys, and may provide that any proj-
ect or projects, or facility or facilities shall be constructed
and paid for under the supervision and approval of con-
sulting engineers employed or designated by the Authority
and satisfactory to the original purchasers of the bonds
issued hereunder, and may further provide that the se-
curity given by contractors and by any depository of the
proceeds of the bonds or revenues of any project or proj-
ects, or facility or facilities or other moneys pertaining
thereto, be satisfactory to such original purchasers. Such
resolution or such trust 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
as is customary in trust indentures securing bonds and
debentures of corporations. Except as in this Act other-
wise provided, the Authority may provide by resolution
or by such trust indenture for the payment of the pro-
ceeds of the sale of the bonds and the revenues of any
project or projects, or facility or facilities to such deposi-
tory as it may determine for the custody thereof, and for
the method of disbursement thereof, with such safeguards
and restrictions as it may determine. All expenses incurred
in carrying out any particular trust indenture may be
treated as a part of the cost of any project, or the cost of
maintenance, operation and repair thereof, as provided
in said indenture.

It shall be lawful for any one or more banks or trust
companies incorporated under the laws of this State to