2230                                          LAWS OF MARYLAND [Ch. 657

APPROVE THE FORM OF THE TRUST AGREEMENT OR (III) PROVIDE
THAT COURTERPARTS OF THAT ORDINANCE MAY BE EXECUTED BY
THE APPROPRIATE PARTIES SO AS TO CONSTITUTE A TRUST
AGREEMENT. THE TRUST AGREEMENT, OR THE AUTHORIZING
ORDINANCE, MAY PLEDGE OR ASSIGN ALL OR ANY PART OF (I)
THE REVENUES FROM OR ARISING IN CONNECTION WITH THE
PROPERTY, FACILITIES, DEVELOPMENTS AND IMPROVEMENTS WHOSE
FINANCING IS UNDERTAKEN BY ISSUANCE OF THE BONDS, NOTES
OR OTHER OBLIGATIONS, (II) THE REVENUES FROM OR ARISING
IN CONNECTION WITH ANY CONTRACTS, MORTGAGES OR OTHER
SECURITIES PURCHASED OR OTHERWISE ACQUIRED WITH THE
PROCEEDS OF THE BONDS, NOTES OR OTHER OBLIGATIONS, (III)
THE CONTRACTS, MORTGAGES OR OTHER SECURITIES PURCHASED OR
OTHERWISE ACQUIRED WITH THE PROCEEDS OF THE BONDS, NOTES
OR OTHER OBLIGATIONS, OR (IV) ANY COMBINATION OF (I),
(II) OR (III)). ANY SUCH TRUST AGREEMENT OR ORDINANCE
AUTHORIZING THE ISSUANCE OF BONDS MAY CONTAIN WHATEVER
PROVISIONS FOR THE PROTECTION AND ENFORCEMENT OF THE
RIGHTS AND REMEDIES OF THE BONDHOLDERS AS MAY BE DEEMED
REASONABLE AND PROPER. THE TRUST AGREEMENT MAY SET FORTH
THE RIGHTS AND REMEDIES OF THE BONDHOLDERS OF THE TRUSTEE
AND MAY RESTRICT THE INDIVIDUAL RIGHT OF ACTION BY
BONDHOLDERS. IN ADDITION TO THE FOREGOING, THE TRUST
AGREEMENT MAY CONTAIN WHATEVER OTHER PROVISIONS AS THE
MAYOR AND CITY COUNCIL OF BALTIMORE MAY DEEM REASONABLE
AND PROPER FOR THE SECURITY OF THE BONDHOLDERS. ALL
EXPENSES INCURRED IN CARRYING OUT THE PROVISIONS OF THE
TRUST AGREEMENT OR ORDINANCE MAY BE TREATED AS PART OF
THE COST OF THE FINANCING OF ANY PROJECT OR PROJECTS IN
CONNECTION WITH WHICH THE BONDS HAVE BEEN ISSUED.

(D) ANY HOLDER OF BONDS, NOTES OR OTHER
OBLIGATIONS ISSUED UNDER THIS SUB-SECTION (50) OR OF ANY
OF THE COUPONS APPERTAINING TO THOSE BONDS, AND THE
TRUSTEE, EXCEPT TO THE EXTENT THE RIGHTS HEREIN GIVEN MAY
BE RESTRICTED BY THE TRUST AGREEMENT, EITHER AT LAW OR IN
EQUITY, BY SUIT, ACTION, MANDAMUS OR OTHER PROCEEDINGS,
MAY PROTECT AND ENFORCE ANY AND ALL RIGHTS UNDER THE LAWS
OF THIS STATE OR GRANTED HEREUNDER OR IN THE ORDINANCE
AUTHORIZING THE ISSUANCE OF THOSE BONDS, NOTES OR OTHER
OBLIGATIONS OR UNDER THE TRUST AGREEMENT, AND MAY ENFORCE
AND COMPEL THE PERFORMANCE OF ALL DUTIES REQUIRED BY THIS
SUB-SECTION (50) OR IN THE ORDINANCE AUTHORIZING THE
ISSUANCE OF THOSE BONDS, NOTES OR OTHER OBLIGATIONS OR BY
THE TRUST AGREEMENT TO BE PERFORMED BY THE MAYOR AND CITY
COUNCIL OF BALTIMORE OR BY ANY OFFICER THEREOF.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
is hereby declared to be an emergency measure and
necessary for the immediate preservation of the public
health and safety and having been passed by a yea and nay
vote supported by three—fifths of all the members elected
to each of the two Houses of the General Assembly, the