J. MILLARD TAWES, Governor                     883

in office until such delivery. All bonds issued under the provisions of
this subheading shall have and are hereby declared to have all the
qualities and incidents of negotiable instruments under the negotiable
instrument law of the State. The bonds may be issued in coupon or
in registered form, or both, as the Commission may determine, and
provision may be made for the registration of any coupon bonds as
to principal alone and also as to both principal and interest, and for
the reconversion into coupon bonds of any bonds registered as to
both principal and interest. The Commission may sell such bonds
in such manner, either at public or private sale, and for such price,
as it may determine to be for the best interests of the State, but no
such sale shall be made at a price so low as to require the payment
of interest on the money received therefor at more than five per
centum per annum, computed with relation to the absolute maturity
of the bonds in accordance with standard tables of bond values,
excluding, however, from such computation the amount of any
premium to be paid on redemption of any bonds prior to maturity.

(b) Use of bonds; additional bonds; surplus.—The proceeds of the
bonds of each issue shall be used solely for the payment of the cost of
the project or projects [for which] or the improvements for or in
connection with which such bonds shall have been issued, and shall
be disbursed in such manner and under such restrictions, if any, as
the Commission may provide in the resolution authorizing the issu-
ance of such bonds or in the trust agreement hereinafter mentioned
securing the same. If the proceeds of the bonds of any issue, by error
of estimates or otherwise, shall be less than such cost, additional
bonds may in like manner be issued to provide the amount of such
deficit, and, unless otherwise provided in the resolution authorizing
the issuance of such bonds or in the trust agreement securing the
same, shall be deemed to be of the same issue and shall be entitled
to payment from the same fund without preference or priority of
the bonds first issued. If the proceeds of the bonds of any issue shall
exceed the cost of the project or projects for which the same shall
have been issued, the surplus shall be deposited to the credit of the
sinking fund for such bonds.

129. Revenues.

(a) Charges for tolls, telephone, etc. lines and concessions.—
The Commission is hereby authorized to fix, revise, charge and
collect tolls for the use of each project and the different parts or
sections thereof, and to contract with any person, partnership, as-
sociation or corporation desiring the use of any part thereof for
placing thereon telephone, telegraph, electric light or power lines,
gas stations, garages, stores, hotels, restaurants and advertising
signs, or for any other purpose, and to fix the terms, conditions,
rents and rates of charges for such use. Such tolls shall be so
fixed and adjusted in respect to the aggregate of tolls from the
project or projects in connection with which the bonds of any
issue shall have been issued as to provide a fund sufficient with
other revenues, if any, to pay (A) the cost of maintaining, repair-
ing and operating such project or projects, [and] (B) the principal
of and the interest on such bonds as the same shall become due
and payable, and to create reserves for such purpose [.] , (C) to
provide funds for paying the cost of replacements, renewals and
improvements, and (D) to provide funds for paying the cost of