MARVIN MANDEL, Governor                          417

the rights herein given may be restricted by the trust agreement,
may, either at law or in equity, by suit, action, mandamus or other
proceedings, protect and enforce any and all rights under the laws
of this State or granted hereunder or under the trust agreement,
and may enforce and compel the performance of all duties required
by this Article or by the trust agreement to be performed by the
Authority or by an officer thereof, including the fixing, charging
and collecting of rentals and other rates, fees, and charges for the
use of the projects.

21.    Bonds eligible for investment and deposit.

Bonds issued under this Article are hereby made securities in
which all public officers and public agencies of the State and its
political subdivisions and all banks, trust companies, savings and
loan associations, investment companies and others carrying on a
banking business, all insurance companies and insurance associations
and others carrying on an insurance business, all administrators,
executors, guardians, trustees and other fiduciaries, and all other
persons may legally and properly invest funds, including capital
in their control or belonging to them. The bonds are hereby made
securities which may properly and legally be deposited with and
received by any State or municipal officer or any agency or political
subdivision of the State for any purpose for which the deposit of
bonds or other obligations of the State is now or may hereafter be
authorized by law.

22.    Refunding bonds.

The Authority may provide by resolution for the issuance of its
revenue refunding bonds for the purpose of refunding any revenue
bonds then outstanding which were issued under this Article, includ-
ing the payment of any redemption premium thereon and any
interest accrued or to accrue to the date of redemption of such
bonds, and, if deemed advisable by the Authority, for either or both
of the following additional purposes: (i) constructing improve-
ments, extensions or enlargements of any project or projects and
(ii) paying all or any part of the cost of any additional transit
facility or facilities. The issuance of the bonds, the maturities and
other details thereof, the rights of the holders thereof, and the
rights, duties and obligations of the Authority in respect thereto
shall be governed by the provisions of this Article which relate to
revenue bonds insofar as applicable.

23.    Equipment Trust Certificates.

(a)    Power. The Authority shall have power to execute agree-
ments, leases and equipment trust certificates with respect to the
purchase of transit facilities or equipment such as rolling stock for
rail, motor vehicle or other modes of transportation, substantially
in the form customarily used in such cases and appropriate to effect
such purchase, and may dispose of such equipment trust certificates
in such manner as it may determine to be for the best interests of
the Authority. Each vehicle covered by an