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Session Laws, 1973, Special Session
Volume 710, Page 1060   View pdf image
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1060                                        LAWS OF MARYLAND                            [Ch.

EXCEPT AS AND TO THE EXTENT PROVIDED IN THE INDENTURE
WITH RESPECT TO THE PAYMENT THEREFROM OF EXPENSES FOR
OTHER PURPOSES INCLUDING ADMINISTRATION, OPERATION,
MAINTENANCE, IMPROVEMENTS, OR EXTENSIONS OF THE
FACILITIES OR OTHER PURPOSES, SHALL NOT BE USED OR
PLEDGED FOR ANY OTHER PURPOSE SO LONG AS SUCH BONDS,
OR ANY OF THEM, ARE OUTSTANDING AND UNPAID.

13.18.    REMEDIES. —THE HOLDER OF ANY BOND MAY
FOR THE EQUAL BENEFIT AND PROTECTION OF ALL HOLDERS OF
BONDS SIMILARLY SITUATED: (A) BY MANDAMUS OR OTHER
APPROPRIATE PROCEEDINGS REQUIRE AND COMPEL THE
PERFORMANCE OF ANY OF THE DUTIES IMPOSED UPON THE
COMMISSION OR ASSUMED BY IT, ITS OFFICERS, AGENTS OR

EMPLOYEES UNDER THE PROVISIONS OF ANY INDENTURE, IN
CONNECTION WITH THE ACQUISITION, CONSTRUCTION,
OPERATION, MAINTENANCE, REPAIR, RECONSTRUCTION, OR
INSURANCE OF THE FACILITIES, OR IN CONNECTION WITH THE
COLLECTION, DEPOSIT, INVESTMENT, APPLICATION AND
DISBURSEMENT OF THE RATES, RENTS, TOLLS, FEES,
CHARGES, AND OTHER REVENUES DERIVED FROM THE OPERATION
AND USE OF THE FACILITIES, OR IN CONNECTION WITH THE
DEPOSIT, INVESTMENT AND DISBURSEMENT OF THE PROCEEDS
RECEIVED FROM THE SALE OF BONDS; OR (B) BY ACTION OR
SUIT IN A COURT OF COMPETENT JURISDICTION OF ANY
SIGNATORY REQUIRE THE COMMISSION TO ACCOUNT AS IF IT
WERE THE TRUSTEE OF AN EXPRESS TRUST, OR ENJOIN ANY
ACTS OR THINGS WHICH MAY BE UNLAWFUL OR IN VIOLATION
OF THE RIGHTS OF THE HOLDERS OF THE BONDS. THE
ENUMERATION OF SUCH RIGHTS AND REMEDIES, HOWEVER, DOES
NOT EXCLUDE THE EXERCISE OR PROSECUTION OF ANY OTHER
RIGHTS OR REMEDIES AVAILABLE TO THE HOLDERS OF BONDS.

13.19.    SALES AND GUARANTEES BY SIGNATORIES AND
OTHER GOVERNMENTAL AGENCIES. —THE COMMISSION MAY
DELIVER TO ANY SIGNATORY OR OTHER GOVERNMENTAL AGENCY
THE BONDS OF THE COMMISSION WHICH MAY BE SOLD ON
BEHALF OF THE COMMISSION WITH OR WITHOUT THE GUARANTEE
OF SUCH SIGNATORY OR OTHER GOVERNMENTAL AGENCY SUBJECT
TO, AND IN ACCORDANCE WITH, THE CONSTITUTION AND LAWS
GOVERNING SUCH SIGNATORY OR OTHER GOVERNMENTAL AGENCY.
ANY SIGNATORY OR OTHER GOVERNMENTAL AGENCY OWNING
BONDS OF THE COMMISSION MAY SELL SUCH BONDS WITH OR
WITHOUT THE GUARANTEE OF SUCH SIGNATORY OR OTHER
GOVERNMENTAL AGENCY SUBJECT TO, AND IN ACCORDANCE
WITH, THE CONSTITUTION AND LAWS GOVERNING SUCH
SIGNATORY OR OTHER GOVERNMENTAL AGENCY.

ARTICLE 14

 

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Session Laws, 1973, Special Session
Volume 710, Page 1060   View pdf image
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