1292                             Laws of Maryland                      [Ch. 619

securing such bonds and shall be disbursed in such manner and under
such restrictions, if any, as may be provided in such trust agreement.

17.

[(c) Without in any way limiting or restricting the effect or
application thereof, the provisions of this Article are intended and
shall 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 proj-
ects, designated by any resolution authorizing the issuance of such
bonds or by any trust agreement securing such bonds.]

18.

All moneys received by the Service as proceeds from the sale of
bonds or notes and all moneys received by way of those rentals, rates,
fees or other charges or revenues, or portion thereof, from any proj-
ect or projects, or any continuation of projects and which are desig-
nated 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 and in the resolu-
tion authorizing the issuance of such bonds or notes or the trust
agreement securing such bonds.

19.

Any holder of bonds or notes issued under this subtitle or of any
of the coupons [thereto] appertaining to such bonds, and the trus-
tee, 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 in the
resolution authorizing the issuance of such bonds or notes or under
the trust agreement, and may enforce and compel the performance
of all duties required by this Article or in the resolution authorizing
the issuance of such bonds or notes or by the trust agreement to be
performed by the Service or by any officer thereof, including the fix-
ing, charging and collecting of rentals and other rates, fees and
charges for the use of the projects.

20.

Bonds and notes issued under this Article are hereby made securi-
ties 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 associations
and others carrying on an insurance business, all personal represent-
atives, guardians, trustees and other fiduciaries, and all other per-
sons may legally and properly invest funds, including capital in their
control or belonging to them. Such bonds and notes are hereby
made securities which may properly and legally be deposited with
and received by any State or municipal officer or any agency or polit-
ical subdivision of the State for any purpose for which the deposit of