962                              Laws of Maryland                       Ch. 408

(a) (1) Pledging the full faith and credit of the Authority, the
full faith and credit of a participating institution for higher education
or of a participating hospital, all or any part of the revenues of a
project or any revenue-producing contract or contracts made
by the Authority with any individual, partnership, corporation or
association or other bodies, public or private, to secure the payment
of the bonds or of any particular issue of bonds subject to such
agreements with bondholders as may then exist;

(b) (2) The rentals, fees and other charges to be charged, and the
amounts to be raised in each year thereby, and the use and disposi-
tion of the revenues;

(c) (3) The setting aside of reserves and sinking funds, and the
regulation and disposition thereof;

(d) (4) Limitations on the right of the Authority or its agents to
restrict and regulate the use of the project;

(e) (5) Limitations on the purpose to which the proceeds of sale
of any issue of bonds then or thereafter to be issued may be applied
and pledging such proceeds to secure the payment of the bonds or
any issue of the bonds. ;

(f) (6) Limitations on the issuance of additional bonds, the terms
upon which additional bonds may be issued and secured and the
refunding of outstanding bonds;

(g) (7) The procedure, if any, by which the terms of any contract
with bondholders may be amended or abrogated, the amount of bonds
the holder, of which must consent thereto, and the manner in which
such consent may be given;

(h) (8) Limitations on the amount of monies derived from the
project to be expanded EXPENDED for operating, administrative or
other expenses of the Authority;

(i) (9) Defining the acts or omissions to act which shall constitute
a default in the duties of the Authority to holders of its obligations
and providing the rights and remedies of such holders in the event
of a default;

(j) (10) The conveyance or mortgaging of a project and the site
thereof for the purpose of securing the bondholders; and

(k) (11) Provisions for the creation of a collateral fund, in lieu of
conveyance or mortgage, and the regulation and disposition thereof
for the purpose of securing the bondholders.

(5) (E) Neither the members of the Authority nor any person
executing the bonds or notes shall be liable personally on the bonds or
notes.

(6) (F) The Authority shall have power to purchase its bonds
and notes out of any funds available therefor. The Authority may
hold, pledge, cancel or resell such bonds subject to and in accordance
with agreements with bondholders.

12. Trust Agreement.

In the discretion of the Authority, any bonds issued under the
provision of this Act may be secured by a trust agreement by and