Marvin Mandel, Governor                            979

Maryland, notwithstanding the limitations and references therein
contained. Revenue bonds issued under the authority of this Sub-
section shall constitute limited obligations of the Commission and
of the County guaranteeing the same, as hereinafter provided, pay-
able as to principal and interest solely from the revenues pledged
to such payment and each revenue bond issued hereunder shall so
recite. Accordingly, the provisions of Sections 70-57 and 59-51,
respectively, of the Codes of Montgomery and Prince George's
County, shall be inapplicable to the revenue bonds issued under
this Subsection. Any such revenue bonds may be issued subject to
redemption by the Commission prior to the maturity thereof at a
redemption price or prices in excess of the par value thereof, and
such redemption may be executed with funds of the Commission
other than the revenues from the facility, or group of facilities,
which such revenue bonds were issued to finance.

For the purpose of securing the payment of the principal of and
interest on any revenue bonds issued under this Subsection, the
Commission may enter into a trust agreement or indenture with
any bank having trust powers, or with a trust company, located
within or outside the State of Maryland and designated as trustee
under any such indenture. Any such indenture may provide for the
deposit with said trustee of the proceeds of sale of the issue of
revenue bonds secured thereby and the application of such proceeds
to payment of the cost of the facility, or group of facilities, financed
by said issue of bonds. The Commission may enter into appropriate
covenants in said indenture concerning the fixing of fees, charges
and rentals for the use and enjoyment of any facility, or group of
facilities, the payment of gross or net revenues from such facility,
or group of facilities, and other funds pledged as hereinabove au-
thorized, to the trustee and the application of said payments by the
trustee to the payment of the principal of and interest on the bonds
secured by said indenture, and the establishment and maintenance
of reserves or a sinking fund therefor. Any such trust agreement
or indenture may contain a pledge of, and constitute a lien on, the
revenues and funds pledged by the Commission for the payment of
an issue of revenue bonds, as aforesaid, but no such trust agreement
or indenture shall constitute a mortgage of, or lien upon, the facility,
or group of facilities, the revenues from which are pledged there-
under. However, any such trust agreement or indenture may contain
appropriate provisions for the protection of bondholders, in the
event of a default by the Commission in the performance of any
of its covenants thereunder, including the right of the trustee to
sell any of said facilities, or group of facilities, at public or private
sale and the application of the proceeds of sale to the liquidation
of revenue bonds secured thereby, provided the Commission shall
first certify in writing to the trustee that such facility, or group of
facilities, are IS no longer needed for public use.

If deemed necessary by the Commission to the advantageous mar-
keting or sale of any revenue bonds issued under this Subsection,
the county in which the proceeds of any issue of revenue bonds are
to be expended PRINCE GEORGE'S COUNTY shall endorse on each
such bond its guarantee of the performance by the Commission of
its covenants contained in said bonds or in any such trust agreement
or indenture. Said guaranty shall be in the following form: