SPIRO T. AGNEW, Governor                         227

the rights of the holders thereof, and the duties of the Authority in
respect to them shall he governed by the provisions of this subtitle
SECTION insofar as applicable. The refunding bonds shall mature
at such time or times not exceeding forty (40) years from the date
or dates of their respective issues as determined by the Authority.

(l) The Authority may provide by resolution for the issuance
of a single issue of its revenue bonds for the combined purposes of
(1) paying the cost of any improvement, extension, enlargement, or
reconstruction of the Market and (2) refunding its bonds theretofore
issued for such Market and then outstanding and which shall then
have matured or be subject to redemption or can be acquired for
retirement. The revenue refunding bonds 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.

(m) All monies received from any revenue bonds issued and sold
under the provisions of this Section shall be applied solely for the
purposes for which the bonds are authorized or to the sinking fund
created for the payment of the bonds, and there is created and
granted a lien upon such monies until so applied in favor of the
holders of the bonds or PAID TO the trustee hereinafter provided for
the bonds.

(n) In the discretion of the Authority, the revenue bonds may be
secured by a trust indenture by and between the Authority and a
corporate trustee, which may be any trust company or bank having
the powers of a trust company within or outside of the State. Such
trust indenture may pledge or assign all revenues to be received
from the Market, but it shall not convey or mortgage the Market or
any part or parts thereof EXCEPT WITH THE EXPRESS CON-
SENT OF THE BOARD OF PUBLIC WORKS, . THE TRUST IN-
DENTURE MAY PROVIDE THAT ANY MONEY REALIZED
FROM THE SALE OR THE DISPOSITION OF ANY OF THE
LAND, BUILDINGS, STRUCTURES, FACILITIES, EQUIPMENT
AND OTHER PROPERTY OF THE MARKET MAY BE USED TO
PAY THE INTEREST ON AND PRINCIPLE OF THE REVENUE
BONDS. Either the resolution providing for the issuance of bonds or
the trust indenture may contain provisions for protecting and enforc-
ing the rights and remedies of the bondholders as reasonable and
proper, not in violation of law, including covenants setting forth the
duties of the Authority in relation to the construction, acquisition,
improvement, installation, maintenance, operation, repairs, and insur-
ance of the Market and the custody, safeguarding, and application of
all monies; and may provide that the Market be constructed and paid
for under the supervision and approval of consulting engineers
employed or designated by the Authority and satisfactory to the
original purchasers of the bonds issued hereunder; and may further
provide that the security given by contractors and by any depositary
of the proceeds of the bonds or revenues of the Market or other monies
pertaining thereto be satisfactory to the purchasers. It shall be lawful
for any bank or trust company incorporated under the laws of this
State to act as depositary of the proceeds of the bonds or revenue and
to furnish such indemnity bonds or to pledge such securities as
may be required by the Authority.

The resolution or trust indenture may set forth the rights and
remedies of the bondholders and of the trustee, and may restrict the