Marvin Mandel, Governor                        1283

amended). The Authority may sell the bonds in such manner, either
at public or at private sale, for such price as it determines.

(d)  Interim receipts or temporary bonds; replacement of lost, etc.,
bonds.—Prior to the preparation of definitive bonds, the Authority,
under like restrictions, may issue interim receipts or temporary
bonds, with or without coupons, exchangeable for definitive bonds
when such bonds shall have been executed and are available for
delivery. The Authority also may provide for the replacement of
any bonds which are mutilated, destroyed, or lost.

(e)  No other consent, proceedings, etc., required.—Bonds may
be issued by the Authority under the provisions of [this] Section
10 or of Section 17 of this article without obtaining 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 proceedings, conditions,
or things which are specifically required by this article.

12. Trust agreement securing bonds.—Revenue bonds issued under
this article shall be secured by a trust agreement by and between
the Authority and a corporate trustee, which may be any trust com-
pany, or bank having the powers of a trust company, within or
without the State. The trust agreement may pledge or assign the
rentals and other revenues of the Authority and, if the bonds are
issued for the purpose of providing funds for paying the cost of
any airport facility, may convey or assign the airport facility as
security for the payment of the principal of and the interest on
the bonds. The trust agreement shall contain such provisions for
the protecting and enforcing the rights and remedies of the bond-
holders as may be reasonable and proper and not in violation of
law, including covenants setting forth the duties of the Authority in
relation to the acquisition or construction of any [project] airport
facilities and extension, enlargement, improvement, maintenance,
operation, repair and insurance of the [project] airport facilities
and the custody, safeguarding and application of all moneys and
may contain provisions for the employment of consulting engineers
in connection with any such construction and the operation of the
[projects] airport facilities. It is lawful for any bank or trust com-
pany incorporated under the laws of this State which may act as
depositary of the proceeds of the bonds or of revenues to furnish
such indemnifying bonds or to pledge such securities as is required
by the Authority. The trust agreement shall set forth the rights
and remedies of the bondholders and of the trustee and may restrict
the individual right of action by bondholders. In addition to the
aforegoing, the trust agreement may contain other provisions as
the Authority deems reasonable and proper for the security of the
bondholders. All expenses incurred in carrying out the provisions
of the trust agreement may be treated as an item of current expenses.

13. Rentals and fees; pledge of revenues.

(a) Power to charge rentals, fees, etc.—The Authority may fix,
revise, charge and collect rentals, rates, fees or other charges for
the use of each [project] airport facility and contract with any
person, partnership, association, or corporation desiring the use of
any part of [a project] an airport facility and its appurtenances for
any proper purpose, and fix the terms, conditions, rentals and rates