MARVIN MANDEL, Governor                               2433

vested in such participating institution for higher
education or such participating hospital.

9.

When the principal of and interest on bonds of the
Authority issued to finance the cost of a particular
project or projects FOR A PARTICIPATING INSTITUTION FOR
HIGHER EDUCATION OR for a participating hospital,
including any refunding bonds issued to refund and
refinance such bonds, have been fully paid and retired,
or when adequate provision has been made to fully pay and
retire the same, and all other conditions of the
resolution or trust agreement authorizing and securing
the same have been satisfied and the lien of such
resolution or trust agreement has been released in
accordance with the provisions thereof, the Authority
shall promptly do such things and execute such releases
and documents as are necessary and required to release
securities held as collateral by a trustee or trustees
pursuant to the trust agreement to such participating
[institutions] INSTITUTION for higher education or such
participating hospital, which institution had, pursuant
to the trust agreement, deposited and turned over such
securities to a trustee or trustees in order to assure
the full payment and retirement of said bonds, free and
clear of all liens and encumbrances, all to the extent
that title to such securities shall not, at the time,
then be vested in such participating [institutions]
INSTITUTION for higher education or such participating
hospital.

11.

(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, the full faith and credit of a participating
institution for higher education or of a participating
hospital, all or any part of the revenues of a project or
any revenue—producing contract or contracts made 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 disposition of the revenues;