180                                 LAWS OF MARYLAND                          [CH. 127

may grant to the Authority the exclusive right to use such vacated
streets, alleys or other public places for the purpose of the Civic
Center, subject to such terms and conditions and in such manner as
the City and the Authority may lawfully agree upon.

SEC. 6. And be it further enacted, That

(Credit of City Not Pledged.) Revenue bonds issued under the
provisions of this Act shall not be deemed to constitute a debt of
the City, or of the State of Maryland, or a pledge of the faith and
credit of the City, or of the State, but such bonds shall be payable
solely from the funds of the Authority hereinafter provided therefor
from revenues of the Civic Center. All such bonds shall contain
a statement on their face to the effect that neither the City nor the
State is obligated to pay such bonds or the interest thereon. The
issuance of revenue bonds under the provisions of this Act shall not
directly or indirectly or contingently obligate the City or the State
to levy or to pledge any form of taxation whatever therefor or to
make any appropriation for their payment.

SEC. 7. And be it further enacted, That

(Revenue Bonds.) The Authority is hereby authorized at one time
or from time to time to provide by resolution for the issuance of
negotiable revenue bonds of the Authority for the purpose of paying
all or a part of the cost of the Civic Center.

The revenue bonds shall be dated, shall bear interest at such rate
or rates not exceeding six per Centum per annum, payable semi-
annually, and shall mature at such time or times not exceeding forty
years from their date or dates, as may be determined by the Au-
thority, and may be made redeemable before maturity, at the option
of the Authority, at such price or prices and under such terms and
conditions as may be fixed by the Authority prior to the issuance
of the bonds. The principal of and the interest on such bonds may
be made payable in any lawful medium and shall be payable solely
from the special fund provided by this Act for such payment. The
Authority shall determine the form of the bonds, including any
interest coupons to be attached thereto, the manner of executing the
bonds, the denomination or denominations of the bonds, and the
place or places of payment of principal and interest thereof, which
may be a bank or trust company within or without the State. In case
any officer whose signature shall appear on any bonds or coupons
shall cease to be such officer before the delivery of such bonds, such
signature shall nevertheless be valid and sufficient for all purposes
the same as if he had remained in office until such delivery. All
revenue bonds issued under the provisions of this Act shall have and
are hereby declared to have, as between successive holders, all the
qualities and incidents of negotiable instruments under the negotiable
instruments law of the State. Provision may be made for the regis-
tration of any of the bonds in the name of the owner as to principal
alone and also as to both principal and interest, and for the issuance
of new coupon bonds in exchange for bonds registered as to both
principal and interest. Such bonds shall be sold or disposed of by
the Authority, in such manner and for such price as it may deter-
mine to be for its best interests, but no such sale or disposition shall
be made at a price so low as to require the payment of interest on
the money or the value of the consideration therefor at more than