414                               LAWS OF MARYLAND                       [CH. 160

thereof is obligated to pay the same or the interest thereon except
from revenues and, if the trustee under the trust agreement securing
the bonds holds other security for the payment of the same or the
interest thereon, a statement to the effect that neither the Authority
nor the State nor any political subdivision thereof is obligated to
pay the same or the interest thereon except from revenues and from
the proceeds of such security and a statement to the effect that
neither the faith and credit nor the taxing power of the State or
any political subdivision thereof is pledged to the payment of the
principal of or the interest on the bonds.

(e) Deficiency or excess in proceeds. If the proceeds of the rev-
enue bonds of any series issued under this section, by reason of
increased construction costs or error in estimates or otherwise, are
less than the amount required for the purpose for which the bonds
are authorized additional bonds may be issued in like manner to
provide the amount of the deficiency and shall be deemed to be of
the same issue and entitled to payment from the same fund without
preference or priority of the bonds first issued. If the proceeds of
the bonds exceed the amount so required, the excess shall be deposited
to the credit of the sinking fund for the bonds or, if so provided in
the trust agreement securing the bonds, may be applied to the cost
of any additional transit facility.

16. Additional provisions as to revenue bonds.

(a)    Determination of form, date, denomination and place of pay-
ment; redemption before maturity. The Authority shall determine
the form of the bonds, of each series issued by it under this Article,
including any interest coupons to be attached thereto, the date of the
bonds, THE MANNER OF EXECUTION OP THE BONDS,
WHICH MAY BE BY FACSIMILE, the denomination or denomina-
tions of the bonds, and the place or places of payment of principal and
interest, which may be at any bank or trust company within or with-
out the State of Maryland. The bonds of each series may be redeem-
able before their maturity or maturities, at the option of the Author-
ity, at such price or prices and under such terms and conditions as
fixed by the Authority prior to the issuance of the bonds.

(b)    Signing officer ceasing to be such before delivery, bonds
may be coupon or registered. If any officer whose signature or a
facsimile of whose signature appears on any bonds or coupons ceases
to be such officer before the delivery of the bonds, the signature or
the facsimile nevertheless shall be valid and sufficient for all purposes
as if he had remained in office until their delivery. Notwithstanding
any other provision of this Article or any recitals in any bonds
issued under the provisions of this section or of Section 22 of this
Article, all bonds shall be deemed to be negotiable instruments under