1172                               Laws of Maryland                         Ch. 526

pose to the extent provided in such ANY APPLICABLE resolution or
trust agreement. The pledge shall be valid and binding from the time
when the pledge is made. Such rentals, rates, fees,, tolls and other
charges and revenues or other moneys so pledged and thereafter re-
ceived by the Authority shall immediately be subject to the lien of
such pledge without any physical delivery thereof or further act, and
the lien of any such pledge shall be valid and binding as against all
parties having any claims of any kind in tort, contract or otherwise
against the Authority, irrespective of whether such parties have
notice thereof. Neither the resolution nor any trust agreement by
which a pledge is created need be filed or recorded except in the rec-
ords of the Authority, any public general or public local law to the
contrary notwithstanding. The use and disposition of moneys to the
credit of the Transportation Authority Fund shall be subject to the
provisions of the resolutions authorizing the issuance of such bonds
or of such trust agreement.

(c) Without in any way limiting or restricting the effect or ap-
lication thereof, the provisions of this subheading are intended and
shall be construed to authorize the Authority to finance any trans-
portation facilities project or projects or any combination of such
projects by any combination of issues or series of bonds which shall
be secured by the pledge of the net or gross (or combination there-
of) rentals, rates, fees, tolls and other charges and revenues, from
any transportation facilities project or projects or combination of
such projects, designated by the resolution authorizing the issuance
of such bonds or by any trust agreement securing such bonds.

19.    Trust Funds.

All moneys received by the Authority as proceeds from the sale
of bonds authorized by this subheading and all moneys received by
way of those rentals, rates, fees, tolls or other charges or revenues,
or portion thereof, from any transportation facilities project or proj-
ects which are designated by any authorizing resolution or trust
agreement as security for such bonds shall be deemed to be trust funds
to be held and applied solely as provided by the provisions of this
subheading.

20.    Remedies.

Any holder of bonds issued under this subheading or of any of
the coupons thereto appertaining, and the trustee, except to the ex-
tent the rights herein given may be restricted by the trust agree-
ment, 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 agree-
ment or the resolution authorizing the issuance of such bonds, and
may enforce and compel the performance of all duties required by
this subheading or by the trust agreement to be performed by the
Authority or by any officer thereof, including the fixing, charging
and collecting of rentals, rates, fees, tolls and other charges.

21.    Bonds are legal investments.

Bonds issued under this subheading 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