Theodore R. McKeldin, Governor                        9

from the Expressway as to provide a fund sufficient with other
revenues, if any, and after giving effect to the assignment and trans-
fer of such tolls and revenues to the Fidelity-Baltimore National
Bank & Trust Company, Trustee under the Trust Agreement, dated
as of October 1, 1954,, between it and said Commission as provided
for by such agreement supplemental thereto as may be entered into
by said Commission pursuant to the provisions of Section 126 A of
this sub-title to pay (i) the cost of maintaining, repairing and operat-
ing the Expressway, including such bridge as may be constructed
pursuant to this sub-title, and (ii) the principal of and the interest
on the bonds as the same shall become due and payable, and to create
reserves for such purposes. Such tolls shall not be subject to super-
vision or regulation by any other commission, board, bureau or
agency of the State. The tolls and all other revenues derived from
the Expressway, except (i) such part thereof as shall be payable
to the Fidelity-Baltimore National Bank & Trust Company, as
Trustee under the Trust Agreement, dated as of October 1, 1954,
hereinbefore referred to, pursuant to the provisions of said Supple-
mental Agreement which may be entered into by the Commission
pursuant to the provisions of Section 126A of this sub-title and
(ii) such part thereof as may be necessary to pay such cost of main-
tenance, repair and operation and to provide such reserves therefor
as may be provided for in the resolution authorizing the issuance
of such bonds or in the trust agreement securing the same, shall be
set aside at such regular intervals as may be provided in such
resolution or such trust agreement in a sinking fund which is hereby
pledged to, and charged with, the payment of (1) the interest upon
such bonds as such interest shall become due, (2) the principal of
such bonds as the same shall become due, (S) the necessary charges
of paying agents for paying principal and interest, and (4) the
redemption price or the purchase price of bonds retired by call or
purchase as therein provided. Such pledge shall be valid and binding
from the time when the pledge is made; the tolls or other revenues
or other moneys so pledged and thereafter received by the Commis-
sion shall immediately be subject to the lien of such pledge without
any physical delivery thereof or further act, and the lien of any
such pledge shall be valid and binding as against all parties having
claims of any kind in tort, contract or othemvise against the Com-
mission, irrespective of whether such parties have notice thereof.
Neither the resolution nor any trust agreement by which a pledge is
created need be filed or recorded except in the records of the Com-
mission. The use and disposition of moneys to the credit of such
sinking fund shall be subject to the provisions of the resolution
authorizing the issuance of such bonds or of such trust agreement.
Except as may otherwise be provided in such resolution or such trust
agreement, such sinking fund shall be a fund for all such bonds
without distinction or priority of one over another.

126P. (Cessation of Tolls). When all bonds issued under the
provisions of this sub-title and the interest thereon shall have been
paid or a sufficient amount for the payment of all such bonds and the
interest thereon to the maturity thereof shall have been set aside in
trust for the benefit of the bondholders, the Expressway, if then in
good condition and repair, shall become part of the State highway
system and shall thereafter be maintained by the Commission free
of tolls, except as may be otherwise provided by the Supplemental