486                              Laws of Maryland                      [Ch. 178

as such resolution or resolutions may provide. The bonds or notes
may be sold at public or private sale for such price or prices as the
Authority shall determine. Pending preparation of the definitive
bonds, the Authority may issue interim receipts or certificates which
shall be exchanged for such definitive bonds.

(d)  Any resolution or resolutions authorizing any bonds or any
issue of bonds may contain provisions, which shall be part of the
contract with the holders of the bonds to be authorized, as to:

(1)  Pledging the full faith and credit of the Authority, all or any
part of the revenues of a facility or of facilities or any revenue-
producing contract or contracts 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;

(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;

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

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

(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;

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

(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;

(8)  Limitations on the amount of moneys derived from a facility
or facilities to be expended for operating, administrative or other
expenses of the Authority;

(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;

(10)  The conveyance or mortgaging of a facility or facilities and
the sites thereof for the purpose of securing the bondholders; and

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

(e)  Neither the members of the Authority nor any person exe-
cuting the bonds or notes shall be liable personally on the bonds or
notes.