226                                LAWS OF MARYLAND                       [CH. 145

(f)    All revenue bonds issued under the provisions of this Section
have and are hereby declared to have, as between successive holders,
all the qualities and incidence INCIDENTS of negotiable instruments
under the Negotiable Instruments Law section of the Uniform Com-
mercial Code of this State. Provisions may be made for the registra-
tion of any of the bonds in the name of the owner as to principal alone
and also as to both principal and interest, and for the issuance of new
coupon bonds in exchange for bonds registered as to both principal
and interest.

(g)    The revenue bonds shall be sold by the Authority, at public
or private sale, in such manner and for such price as it may deter-
mine to be for its best interests, but no sale shall be made at a price so
low as to require the payment of interest on the money received there-
for at more than six per centum per annum, computed with relation
to the absolute maturity of the bonds in accordance with standard
tables of bond values. None of the provisions of Sections 9, 10 and 11
of Article 31 of the Annotated Code of Maryland (1957 Edition)
have any application to the bonds hereby authorized and such bonds
are explicitly exempted therefrom.

(h) If the proceeds of the revenue bonds, by error of calculation
or otherwise, are less than the amount required for the purpose for
which bonds are authorized, additional bonds may be issued to pro-
vide the amount of the deficit, and unless otherwise provided by the
authorizing resolution or in the trust indenture hereinafter men-
tioned, the additional bonds shall be deemed to be of the same issue
and shall be entitled to payment from the same funds without pref-
erence or priority of the bonds first issued for such purposes. If the
proceeds of the bonds shall exceed the cost AMOUNT REQUIRED, the
surplus shall be paid into the sinking fund hereinafter provided for
the payment of the principal of and interest on the bonds.

(i) Prior to the preparation of definitive revenue bonds, the
Authority, under the restrictions, may issue temporary revenue
bonds with or without coupons, exchangeable for definite DEFINI-
TIVE bonds upon the issuance of the latter. The Authority also may
provide for the replacement of any bonds which become mutilated
or are destroyed or lost. The bonds may be issued without an election
or any other proceedings or the happening of any conditions or things
other than those proceedings, conditions, and things specified and
required by this subtitle.

(j) A resolution providing for the issuance of revenue bonds
also may provide for the issuance of additional bonds and may limit
the amount by the resolution or trust indenture, for the purpose of
paying the cost of any extensions, additions, and improvements
which thereafter become necessary; the additional bonds may be
sold from time to time in the manner hereinabove provided and shall
be deemed a part of the original issue authorized by the resolution,
and shall be issued under such restrictions and limitations as pre-
scribed by the resolution or trust indenture; but the additional bonds
shall rank equally and on a parity with the other bonds authorized
thereby.

(k) The Authority may provide by resolution for the issuance of
its revenue refunding bonds for the purpose of refunding any bonds
then outstanding and issued under the provisions of this subtitle
SECTION. The issuance of such refunding bonds, the details thereof,