2434                                               LAWS OF MARYLAND                        [Ch. 710

(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] A
project;

(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 which 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] HOLDERS[[,]]
of which must consent thereto, and the manner in which
such consent may be given;

(8)    Limitations on the amount of moneys derived
from [the] A project 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 project and
the site thereof for the purpose of securing the
bondholders; and

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

(f) The Authority shall have power to purchase its
bonds and notes out of any funds available therefor.
The Authority may hold, pledge, cancel or resell such
bonds AND NOTES subject to and in accordance with
agreements with bondholders AND NOTEHOLDERS.

The Authority is authorized to fix, revise, charge
and collect rates, rents, fees and charges for the use of
and for the services furnished or to be furnished by each
project and to contract with any person, partnership,

14.