942                               Laws of Maryland                       [Ch. 560

(b)  The Commission is further authorized to pledge such amount
of such rentals and other revenues, over and above any amounts
necessary to pay such current expenses and to provide such reserves
therefor as may be provided for in the trust agreement, to the pay-
ment of the interest on and the principal of the revenue bonds issued
under the provisions of this law. The monies so pledged shall be set
aside at such regular intervals and in such amounts as may be pro-
vided in the trust agreement in a sinking fund for the payment of such
interest, principal and the redemption price or purchase price of such
bonds. Such pledge shall be valid and binding from the time when
the pledge is made; the rentals or other revenues so pledged and there-
after received by the Commission 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 other-
wise against the Commission, irrespective of whether such parties
have notice thereof.

(c)  Neither the resolution nor any trust agreement by which a
pledge is created need be filed or recorded except in the records of
the Commission. The use and disposition of monies to the credit of
such sinking fund shall be subject to the provisions of the trust agree-
ment. Except as may otherwise be provided in the trust agreement,
such sinking fund shall be a fund for all such revenue bonds without
distinction or priority of one over another.

563F. Trust Funds. All monies received by the Commission pur-
suant to the provisions of this law as proceeds from the sale of revenue
bonds and as revenues shall be deemed to be trust funds, to be held
and applied solely as provided in this law. Any officer to whom, or
any bank or trust company to which, such monies shall be paid shall
act as trustee of such monies and shall hold and apply the same for
the purposes hereof, subject to such regulations as this law and the
trust agreement may provide.

563G. Remedies. Any holder of bonds issued under the provisions
of this law or of any of the coupons appertaining thereto, and the
trustee, except to the extent the rights herein given may be restricted
by the trust agreement, may, either at law or in equity, by suit,
action, mandamus or other proceedings, protect and enforce any and
all rights under the laws of this State or granted hereunder or under
the trust agreement, and may enforce and compel the performance of
all duties required by this law or by the trust agreement to be per-
formed by the Commission or by any officer thereof, including the
fixing, charging and collecting of rentals and other rates, fees and
charges for the use of the projects.

563H. Bonds Eligible for Investment. Bonds issued under the
provisions of this law are hereby made securities in which all public
officers and public agencies of the State and its political sub-divisions
and all banks, trust companies, savings and loan associations, invest-
ment companies and others carrying on a banking business, all insur-
ance companies and insurance associations and others carrying on
an insurance business, all administrators, executors, guardians, trus-
tees and other fiduciaries, and all other persons may legally and prop-
erly invest funds, including capital in their control or belonging to
them. Such bonds are hereby made securities which may properly and