Marvin Mandel, Governor                            539

be construed to authorize the Service to finance any project or
projects or any combination of projects by any combination of issues
or series of bonds which shall be secured by the pledge of the net
or gross (or combination thereof) rentals, rates, fees and other
charges and revenues, from any project or projects or combination
of projects, designated by any resolution authorizing the issuance of
such bonds or by any trust agreement securing such bonds.

18.    Trust funds.

All moneys received by the Service as proceeds from the sale of
bonds and all moneys received by way of those rentals, rates, fees
or other charges or revenues, or portion thereof, from any project
or projects, or any continuation of projects and 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 Article.

19.    Remedies.

Any holder of bonds issued under this subtitle or of any of the
coupons thereto appertaining, and the trustee, except to the extent
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
Service or by any officer thereof, including the fixing, charging and
collecting of rentals and other rates, fees and charges for the use
of the projects.

20.    Bonds are legal investments.

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 associa-
tions and others carrying on an insurance business, all personal rep-
resentatives, guardians, trustees and other fiduciaries, and all other
persons may legally and properly invest funds, including capital
in their control or belonging to them. Such 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.

21.    Bonds not to be deemed state or local debt.

Bonds REVENUE BONDS issued under the provisions of this
Article shall not be deemed to constitute a debt or a pledge of the
faith and credit of the State or of any political subdivision thereof
but such bonds shall be payable solely from the funds herein pro-
vided therefor from revenues of the projects. All such REVENUE
bonds shall contain on the face thereof a statement to the effect
that neither the Service nor the State nor any political subdivision