Marvin Mandel, Governor                        1169

such bonds or any part thereof shall be made redeemable before
maturity and, if so, upon what terms, conditions and prices; and
(vi) any other matter relating to the form, terms, conditions, is-
suance and sale and delivery thereof.

13. Provisions applicable to revenue bonds. With respect to any
and all revenue bonds:

(a)    In case any officer whose signature or a facsimile of whose
signature appears on any bonds or coupons shall cease to be such
officer before the delivery of such bonds, such signature or such
facsimile shall nevertheless be valid and sufficient for all purposes
the same as if he had remained in office until such delivery.

(b)    Notwithstanding any other provision of law or any recitals
in any bonds issued hereunder, all such bonds shall be deemed to
be negotiable instruments under the laws of this State.

(c)    The bonds may be issued in coupon or in registered form
or both and provision may be made for the registration of the
principal only of bonds having coupons attached, and for the re-
conversion of bonds into coupon form if any such bonds have been
registered as to both principal and interest. Provision may also be
made for the replacement of bonds which become mutilated or are
lost or destroyed.

(d)    The bonds shall be exempt EXEMPT from the provisions of
Sections 9,10 and 11 of Article 31 of the Code, and the Authority may
sell such bonds in such manner, either at public or at private sale, and
for such price as it may determine.

(e)    The bonds may be issued by the Authority without obtain-
ing the consent of any department, division, commission, board,
bureau or agency of the State, and without any other proceedings
or the happening of any other conditions or things than those specifi-
cally required hereunder.

14. Additional bonds. If the proceeds of the bonds if OF any issue
shall, by reason of increased construction costs or error in estimates
or otherwise, be less than the amount required for the purpose
for which such bonds are authorized, additional bonds may in like
manner be issued to provide the amount of such deficiency and shall
be deemed to be of the same issue and shall be entitled to payment
from the same fund without preference or priority of the bonds first
issued. If the proceeds of such bonds shall exceed the amount so
required, such excess shall be deposited to the credit of any reserve
fund for such bonds or, if so provided in the trust agreement secur-
ing such bonds, may be applied to the cost of any additional proj-
ect.

15. Revenue refunding bonds. The Authority is further au-
thorized and empowered to provide by resolution for the issuance
of its revenue refunding bonds for the purpose of refunding any
revenue bonds issued under the provisions of this subheading or any
revenue bonds of prior issues, including the payment of any re-
demption 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 combined addi-
tional purposes: (i) constructing improvements or extensions to or