1100                             LAWS OF MARYLAND                       [CH. 742

resolution to be performed by the Board of Trustees or any officer
thereof, including the fixing, charging and collecting of fees, rents
and charges.

248H.

The exercise of the powers granted by the provisions of Sections
248B-248K, 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 con-
ditions 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
248B-248K, inclusive, of this sub-title or upon the income there-
from; and the bonds issued under the provisions of Sections 248B-
248K, inclusive, of this sub-title, their transfer and income there-
from (including any profit made on the sale thereof) shall at all
times be free from taxation by the State of Maryland or by any of
its political subdivisions, or by any town or incorporated municipal-
ity or any other public agency within the State.

248-I.

(a)  Said Board of Trustees is further authorized to provide by
resolution for the issuance of revenue bonds of the Board of Trus-
tees for the purpose of refunding any revenue bonds or revenue
refunding bonds then outstanding which shall have been issued
under the provisions of Sections 248B-248K, inclusive, of this sub-
title, including the payment of any redemption premium thereon and
any interest accrued or to accrue to the date of redemption of such
bonds. The issuance of such bonds, the maturities and other details
thereof, the rights, and remedies of the holders thereof, the security
therefor, and the rights, duties and obligations of said Board of
Trustees in respect to the same shall be governed by the provisions
of Sections 248B-248K, inclusive, of this sub-title so far as the same
may be applicable.

(b)  Bonds issued under the provisions of Sections 248B-248K,
inclusive, of this sub-title 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 associa-
tions, investment companies and others carrying on a banking busi-
ness, all insurance companies and insurance associations and others
carrying on an insurance business, all administrators, executors,
guardians, trustees, and other fiduciaries, and all other persons may
legally and properly invest funds, including capital in their control
or belonging to them. Such bonds are hereby made securities which
may properly and legally be deposited with and received by any
State or municipal officer or any agency or political subdivision of
the State for any purpose for which the deposit of bonds or other
obligations of the State is now or may hereafter be authorized by
law.

248J.

(a) The title to any property acquired or constructed under the
provisions of Sections 248B-248K, inclusive, of this sub-title shall be