170                                        LAWS OF MARYLAND                                Ch. 107

CHAPTER 107
(Senate Bill 876)

AN ACT to repeal and re-enact, with amendments, Sections 143(d), 144(f), 149,
205E, 234(c) and 441 (a) of Article 41 of the Annotated Code of Maryland (1971
Replacement Volume and 1972 Supplement), title "Governor-Executive and
Administrative Departments," subtitles, respectively, "The Executive
Department," "The Department of Employment and Social Services," "The
Department of Natural Resources," and "Maryland Industrial Land Act,"
correcting errors in the laws relating generally to the executive and
administrative departments, agencies and other units of State government.

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That Sections 143(d), 144(f), 149, 205E, 234(c) and 441 (a) of
Article 41 of the Annotated Code of Maryland (1971 Replacement Volume and
1972 Supplement), title "Governor-Executive and Administrative Departments,"
subtitles, respectively, "The Executive Department," "The Department of
Employment and Social Services," "The Department of Natural Resources," and
"Maryland Industrial Land Act," be and they are hereby repealed and re-enacted,
with amendments, to read as follows:

143.

(d) "Greater Baltimore Region" means the territorial limits of Baltimore City,
Anne Arundel County, Baltimore County, Carroll County, Harford [Country]
COUNTY and Howard County.

144.

(f) Each member of the Authority shall execute a surety bond in the penal sum
of fifty thousand dollars ($50,000.00) and the Executive Director shall [executive]
EXECUTE a surety bond in the penal sum of one hundred thousand dollars
($100,000.00) or, in lieu thereof, the chairman of the Authority shall [executive]
EXECUTE a blanket position bond covering each member, the Executive Director
and the employees of the Authority, any such surety bond to be conditioned upon
the faithful performance of the duties of the office or offices covered, to be
executed by a surety company authorized to transact business in this State as
surety and to be filed in the office of the Secretary of State. The cost of each bond
shall be paid by the Authority.

149.

In the discretion of the Authority, any bonds issued under the provision of this
subtitle may be secured by a trust agreement by and between the Authority 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, may serve to convey or mortgage a facility or any portion thereof, or in
lieu thereof, may contain provisions for the creation of a collateral account. Such
trust agreement or the resolution providing for the issuance of such bonds may
contain such provisions for protecting and enforcing the rights and remedies of the
bondholders as may be reasonable and proper and not in violation of law,
including particularly such provisions as have hereinabove 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 bondholders and of the trustee or trustees, and may restrict the
individual right of action by bondholders. In addition to the foregoing, any such