Marvin Mandel, Governor                         963

between the Authority and a participating institution of higher
education or hospital and a corporate trustee or trustees, which may
be any trust company or bank having the powers of a trust company
within or without the State. Such trust agreement or the resolution
providing for the issuance of such bonds may contain a pledge or
assignment of the revenues to be received or proceeds of any contract
or contracts pledged, and may serve to convey or mortgage the
project or any portion thereof, or in lieu thereof, may contain pro-
visions for the creation of a collateral account. Such trust agreement
or resolution providing for the issuance of such bonds may contain
such provisions for protecting and enforcing the rights and rem-
edies of the bondholders as may be reasonable and proper and not in
violation of law, including particularly such provisions as have here-
inabove been specifically authorized to be included in any resolution
or resolutions of the Authority authorizing bonds thereof. Any such
trust agreement may set forth the rights and remedies of the bond-
holders and of the trustee or trustees, and may restrict the individual
right of action by bondholders. In addition to the foregoing, any
such trust agreement or resolution may contain such other provisions
as the Authority may deem reasonable and proper for the security of
the bondholders. All expenses incurred in carrying out the provi-
sions of such trust agreement or resolution may be treated as a part
of the cost of the operation of a project.

13.    Payment of Funds.

Bonds issued under the provisions of this Act shall not be deemed
to constitute a debt or liability of the State of Maryland or of any
political subdivision thereof other than the Authority or a pledge of
the faith and credit of the State of Maryland or of any such political
subdivision other than the Authority, but shall be payable solely
from the funds herein provided therefor. All such bonds shall con-
tain on the face thereof a statement to the effect that neither the
State of Maryland nor any political subdivision thereof other than
the Authority shall be obligated to pay the same or the interest
thereon except from revenues of the project or the portion thereof
for which they are issued and that neither the faith and credit nor
the taxing power of the State of Maryland or of any political sub-
division thereof other than the Authority is pledged to the payment
of the principal of or the interest on such bonds. The issuance of
bonds under the provisions of this Act shall not directly or indirectly
or contingently obligate the State of Maryland or any political sub-
division thereof to levy or to pledge any form of taxation whatever
therefor or to make any appropriation for their payment. Nothing
contained in this section shall prevent or be construed to prevent the
Authority from pledging its full faith and credit or the full faith and
credit of a participating institution for higher education or the full
faith and credit of a participating hospital to the payment of bonds
or issue of bonds authorized pursuant to this Act.

14.    Rents and Charges.

The Authority is authorized to fix, revise, charge and collect rates,
rents, fees and charges for the use of and for the services furnished
or to be furnished by each project and to contract with any person,
partnership, association or corporation or other body, public or pri-
vate, in respect to thereof. Such rates, rents, fees and charges shall