656                               Laws of Maryland                        [Ch. 446

to act as depositary of the proceeds of the bonds or revenues. Such
resolution or such trust indenture or indentures 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.
All expenses incurred in carrying out such trust indenture may be
treated as a part of the cost of maintenance, operation and repair
of any project or projects.

11. (Revenues)—The Authority is hereby authorized and em-
powered to fix and to revise from time to time rates, tolls, rentals
and charges for the use of any of its projects, and to impose, charge
and collect the same, and to contract with any person, partnership,
association or corporation desiring the use of any of its projects,
either in whole or in part, and to fix the terms, conditions and rates
of charges for such use.

Such rates, tolls, rentals or charges shall be so fixed and adjusted
as to provide a fund sufficient to pay (a) the cost of maintaining,
preparing and operating the project or projects from which such
rates, tolls, rentals and charges are received, including reserves for
replacement, depreciation and any extensions of such project or
projects, and (b) the principal of the bonds issued to provide the
funds for the acquisition, construction, improvement, equipping,
maintaining, operating, or furnishing such project or projects and
the interest thereon as the same shall become due and payable, and
reserves for such purposes.

Such rates, tolls, rentals or charges shall not be subject to super-
vision or regulation by any State, County or municipal commission,
board, bureau or agency.

The rates, tolls, rentals, or charges, and all other revenues derived
by the Authority in the operation of any project or projects, except
such part thereof as may be required to pay the cost of maintaining,
repairing and operating any project or projects or to provide such
reserves as may be called for in the resolution authorizing the issu-
ance of the revenue bonds or the trust indenture, shall be set aside
at such regular intervals as may be provided in such resolution or
such trust indenture, in a sinking fund which is hereby pledged to,
and charged with the payment of, (1) the interest upon the bonds
issued to provide funds for the acquisition, construction, improve-
ment, equipping, furnishing, maintaining or operating such project
or projects, as such interest shall fall due, (2) the principal of such
bonds as the same shall fall due, (3) the necessary fiscal agency
charges for paying such principal and interest, and (4) any premium
upon such bonds retired by call or purchase as herein provided. The
use and disposition of such sinking fund shall be subject to such
regulations as may be provided in the resolution authorizing the
issuance of such bonds, or in the trust indenture, but, except as may
otherwise be provided in such resolution or trust indenture, such
sinking fund shall be a fund for the benefit of all of such bonds
without distinction or priority of one over another. Subject to the
provisions of the resolution authorizing the issuance of such bonds
or of the trust indenture, any moneys in such sinking fund in excess
of an amount equal to two (2) years' interest on all such bonds then
outstanding may be applied to the purchase or redemption of such