J. MILLARD TAWES, Governor                     885

effecting such study and to pay for such additional engineering and
such traffic advice and reports [and other expert studies] as it may
deem expedient, and all such expenses incurred by the Commission
prior to the issuance of revenue bonds under the provisions of this
subheading shall be paid by the Commission and charged to the ap-
propriate project or projects, and the Commission shall keep proper
records and accounts showing each amount so charged. Upon the sale
of revenue bonds for any project or projects, the fund so expended
by the Commission in connection with such project or projects shall
be reimbursed to the Commission from the proceeds of such bonds.

137. Revenue refunding bonds.

[The Commission is hereby authorized to provide by resolution for
the issuance of revenue refunding bonds of the State for the purpose
of refunding any bonds then outstanding which shall have been
issued under the provisions of this subheading, including the payment
of any redemption premium thereon and any interest accrued or to
accrue to the date of redemption of such bonds, and, if deemed advis-
able by the Commission, for the additional purpose of constructing
improvements, extensions of enlargements of the project or projects
in connection with which the bonds to be refunded shall have been
issued. The Commission is further authorized to provide by resolution
for the issuance of revenue bonds of the State for the combined
purpose of (a) refunding any revenue bonds or revenue refunding
bonds then outstanding which shall have been issued under the pro-
visions of this subheading or under the provisions of Sections 163 to
181, inclusive, of this article, including the payment of any redemp-
tion premium thereon and any interest accrued or to accrue to the
date of redemption of such bonds, and (b) paying all or any part of
the cost of any additional project or projects.] The Commission is
hereby authorized to provide by resolution for the issuance of revenue
refunding bonds of the State for the purpose of refunding any bonds
then outstanding which shall have been issued under the provisions
of this subheading or under the provisions of Sections 163 to 181,
inclusive, of this article, including the payment of any redemption
premium thereon and any interest accrued or to accrue to the date
of redemption of such bonds and, if deemed advisable by the Com-
mission, for any one or more of the following additional purposes:
(a) constructing improvements of any project or projects in con-
nection with which bonds shall have been issued under the provisions
of this subheading, and (b) paying all or any part of the cost of any
additional project or projects. In case the Commission, prior to the
issuance of any revenue refunding bonds, shall have expended any
sum not derived from the revenues of a project for the purpose of
paying a part of the cost of maintaining, repairing and operating
such project, the amount of revenue refunding bonds issued under
the provisions of this section may be increased to the extent neces-
sary to provide funds for reimbursing the Commission the sum
theretofore so expended. The issuance of such bonds, the maturities
and other details thereof, the rights and remedies of the holders
thereof, and the rights, duties and obligations of the Commission in
respect of the same, shall be governed by the provisions of this sub-
heading insofar as the same may be applicable.