1654                             LAWS OF MARYLAND                        [CH. 754

tion or trust indenture authorizing the same. The Commission is
hereby authorized and empowered, in its discretion, to secure any
revenue bonds issued hereunder by an appropriate trust indenture
by and between the Commission and a corporate trustee, which may
be any trust company, or bank having trust powers, within or out-
side the State. Every such trust indenture, and revenue bonds se-
cured thereby, shall clearly recite that such bonds are obligations of
the Commission, payable solely from the revenues therein prescribed,
and do not constitute obligations of the County or of the State of
Maryland. Any such trust indenture may contain covenants on the
part of the Commission, not contrary to law, deemed necessary or
appropriate by the Commission for the proper security of the pur-
chasers of any such bonds, but the Commission shall enter into no
covenant which shall permit said trustee or bondholders in any
manner to sell or otherwise divest the Commission of its title to any
project or projects financed with the proceeds of any such bonds,
without the prior written consent of the County and the Commission.
Subject to the foregoing limitation, any such trust indenture may
contain covenants for the protection of bondholders relating to all
or any of the following: (a) the nature, extent and procedure for
acquiring or constructing any project or projects and the supervi-
sion thereof; (b) the maintenance and operation of any such project
or projects, and the supervision thereof, the employment of consult-
ing engineers, auditors, attorneys and other experts in connection
with any such acquisition, construction, maintenance or operation;
(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 security of any revenues so collected, in-
cluding the establishment, deposit and securing from any such reve-
nues 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, du-
ties 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 Commission 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 proj-
ects financed with the proceeds of any such issue of revenue bonds
secured by such trust indenture, and the marshalling of the reve-
nues 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 Commission is hereby
authorized and empowered to make such further additional cove-
nants 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 marketable.

439R.

Prior to the preparation of the definitive bonds authorized to be
issued by Sections 439P and 439Q of this subtitle, the Commission