1264 Laws of Maryland [Ch. 743
such project or projects, and the supervision thereof, the employment
of consulting engineers, auditors, attorneys and other experts in con-
nection with any such acquisition, construction, maintenance or op-
eration; (c) the terms and provisions of the bonds and the securing
of the proceeds thereof, the imposition and collection of assessments,
charges and rentals for the use of any such project or projects and
the use, application and securing of any revenues so collected, includ-
ing the establishment, deposit and securing from any such revenues
of reserves for debt service on, or prior redemption of, any such
revenue bonds, or for the maintenance, operation and improvement
of any such project or projects; (d) the insurance on any such project
or projects; (e) the issuance of additional revenue bonds for any such
project or projects and the limitations thereon; (f) the powers, duties
and indemnification of any trustee, or its successor, party to any such
trust indenture; (g) the rights and remedies of said trustee and of
bondholders in the event of any default by the District under any
such trust indenture, which rights and remedies may include the
taking over of any operation by said trustee or by a receiver ap-
pointed by a court of competent jurisdiction of the project or projects
financed with the proceeds of any such issue of revenue bonds secured
by such trust indenture, and the marshalling of the revenues from
any such project or projects for the use and benefit of bondholders.
In addition to the covenants enumerated above but subject to the
limitations herein contained, the District is hereby authorized and
empowered to make such further additional covenants in any such
trust indenture, of like or different character as, in its judgment,
may be necessary, convenient or desirable for the better security of
any issue of its revenue bonds secured by any such trust indenture
or as will, in its judgment, tend to make any such bonds more market-
able.
536. Temporary Bonds; Further Powers; Exclusion from Limita-
tions.
Prior to the preparation of the definitive bonds authorized to be
issued by Sections 534 and 535 of this sub-title, the District may,
under like restrictions, issue interim receipts or temporary bonds,
with or without coupons, exchangeable for definitive bonds, when
such definitive bonds have been executed and are available for de-
livery. In addition, the District may, in anticipation of the issuance
of any such bonds, issue bond anticipation notes pursuant to the
authority of, and in the manner prescribed by, Section 12 of Article
31 of the Annotated Code of Maryland (1957 Edition). With respect
to any such bonds, coupons, temporary bonds, receipts or bond an-
ticipation notes, which have matured, been exchanged or redeemed,
the Commission shall make arrangements for the mutilation and
and cremation of any such instruments after an appropriate account-
ing therefor. The Commission may also provide for the replacement
of any such instruments which shall become mutilated or be destroyed
or lost, upon receipt of such indemnification, and the payment of the
expenses of replacement as the Commission, in its discretion, may
deem proper or requisite. Bonds may be issued under the provisions
of this sub-title without obtaining the approval or consent of any
division, commission, board, bureau or agency of the State of Mary-
land and, except as provided in Section 533(a) 534(A) of this sub-title,
without any other proceeding or the happening of any other condition
or thing than those proceedings, conditions or things which are spe-
|
|