1086                             LAWS OF MARYLAND                       [CH. 739

pledge is created need be filed or recorded except in the records of
said Board of Trustees. The use and disposition of moneys to the
credit of such sinking fund shall be subject to the provisions of the
resolutions authorizing the issuance of such bonds or of such trust
agreement.

Notwithstanding any of the foregoing provisions of this section,
the Board of Trustees may, by resolution passed prior to the issuance
of revenue bonds under the provisions of Sections 165A-165J, in-
clusive, of this sub-title or in the trust agreements securing such
bonds, covenant to pay all or any part of the cost of maintaining,
equipping, repairing and operating any housing unit or housing units,
and inasmuch as each such housing unit shall at all times belong to
the State, such covenant shall have the force of contract between the
Board of Trustees and the holders of the revenue bonds or revenue
refunding bonds issued on account of such project or projects.

165F.

(a)  All moneys received by said Board of Trustees as proceeds
from the sale of bonds authorized by the provisions of Sections 165 A-
165J, inclusive, and all moneys received by said Board of Trustees
by way of fees, rents, charges or other revenues from the housing
unit or housing units constructed from the proceeds of said bonds,
shall be deemed to be trust funds to be held and applied solely as pro-
vided by the provisions of Sections 165A-165J, inclusive, of this sub-
title. In the event that said Board of Trustees, by resolution or pur-
suant to the terms of a trust agreement, shall elect to pledge or assign
the income, fees, rents, charges and other revenues to be received
from any related facility, all such moneys so received shall likewise
be deemed to be trust funds to be held and applied solely as provided
by the provisions of Sections 165A-165J, inclusive, of this sub-title.

(b)  Any holder of bonds issued under the provisions of Sections
165A-165J, inclusive, of this sub-title, or any of the coupons apper-
taining thereto, and the trustee under any trust agreement, except
to the extent the rights herein given may be restricted by such trust
agreement or by the resolution authorizing the issuance of such
bonds, 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 the State or granted hereunder or under such trust agree-
ment or such resolution, and may enforce and compel the performance
of all duties required by the provisions of Sections 165A-165J, in-
clusive, of this sub-title or by such trust agreement or such resolution
to be performed by the Board of Trustees or any officer thereof, in-
cluding the fixing, charging and collecting of fees, rents and charges.

165G.

The exercise of the powers granted by the provisions of Sections
165A-165J, inclusive, of this sub-title will be in all respects for the
benefit of the people of this State, for the increase of their education
and prosperity, and for the improvement of their health, living
conditions and general welfare, and as the operation and maintenance
of said facilities and accommodations by said Board of Trustees
will constitute the performance of essential governmental functions,
said Board of Trustees shall not be required to pay any taxes or
assessments upon any building or buildings or any property, real,
personal or mixed, acquired or used under the provisions of Sections