SPIRO T. AGNEW, Governor                         225

authorized by this Section; and further provided that in the event the
Authority acquires the property of the New Marsh Wholesale Produce
Market Authority and assumes all the duties, obligations and liabili-
ties thereof as provided in Section 6 of this Act, the Authority shall
continue to hold all of its property and shall continue to remain in
existence as aforesaid until it has paid over to the Comptroller of the
State of Maryland out of market revenues as aforesaid the amount of
any taxes levied and collected by the State of Maryland under Chapter
845 of the Laws of Maryland of 1957 for the payment of interest on
and the principal of the bonds issued by the New Marsh Wholesale
Produce Market Authority.

11.

(a)    The Authority may provide by resolution for the issuance
at one time, or in series from time to time, of negotiable revenue
bonds of the Authority in an amount not to exceed Six Million Dol-
lars ($6,000,000) in the aggregate, for the purpose of paying all or a
part of the cost of the Market, and for all other purposes set out in
this subtitle. Such bonds and any interest coupons to be attached
shall be executed in such manner as determined by the Authority.

(b)    The bonds shall be dated, shall bear interest at such rate
or rates not exceeding six per centum per annum, payable semi-
annually, and shall mature at such time or times not exceeding forty
(40) years from the date or dates of their respective issues as may be
determined by the Authority, and may be made redeemable before
maturity, at the option of the Authority, at such price or prices and
under such terms and conditions as may be fixed by the Authority
prior to the issuance of the bonds. The principal of and the interest
on such bonds may be made payable in any lawful medium and shall
be payable solely from the funds provided by this subtitle for such
payment.                                                                               

(c)    Revenue bonds issued under the provisions of this Section
shall not be deemed to constitute a debt of the State or of any polit-
ical subdivision thereof or a pledge of the faith and credit of the
State or of any such political subdivision, but the bonds shall be pay-
able solely from the funds herein provided therefor from Market
revenues. All revenue bonds shall contain on the face thereof a
statement to the effect that neither the Authority nor the State nor
any political subdivision thereof is obligated to pay the principal
or the interest thereon except from MARKET revenues.

(d)    The Authority shall determine the form of the revenue
bonds, including any interest coupons to be attached thereto, the
manner of executing the bonds, the denomination or denominations
of the bonds, and the place or places of payment of principal and
interest thereof, which may be a bank or trust company within or
without the State.

(e)    The revenue bonds and any interest coupons to be attached
thereto shall be executed in such manner as may be determined by
the Authority. If any officer whose signature or facsimile there-
of appears on any bond or coupon ceases to be such officer before the
delivery of bonds, the signature or facsimile thereof shall neverthe-
less be valid and sufficient for all purposes the same as if he had
remained in office until the delivery.