4895
UPPER MARLBORO

REFUNDED. THE ISSUANCE OF SUCH REVENUE REFUNDING BONDS
AND THE DETAILS THEREOF, THE RIGHTS OF THE HOLDERS
THEREOF, AND THE BIGHTS, DUTIES AND OBLIGATIONS OF THE
TOWN IN RESPECT THERETO, SHALL BE GOVERNED BY THE
PROVISIONS OF THIS SECTION RELATING TO REVENUE BONDS,
INSOFAR AS THEY MAY BE APPLICABLE.

(G) THE TOWN MAY ALSO PROVIDE BY RESOLUTION OR
ORDINANCE: (I) FOR THE ISSUANCE, PRIOR TO THE PREPARATION
OF DEFINITIVE BONDS, OF INTERIM CERTIFICATES OR TEMPORARY
BONDS, WITH OR WITHOUT COUPONS, EXCHANGEABLE FOR
DEFINITIVE BONDS WHEN SUCH DEFINITIVE BONDS HAVE BEEN
EXECUTED AND ARE AVAILABLE FOR DELIVERY; AND/OR (II) FOR
THE ISSUANCE AND SALE OF ITS REVENUE BOND ANTICIPATION
NOTES, THE PRINCIPAL OF, INTEREST ON AND PREMIUM (IF ANY)
ON SAID NOTES TO BE MADE PAYABLE TO THE BEARER OR
REGISTERED HOLDER THEREOF OUT OF THE FIRST PROCEEDS OF
SALE OF ANY REVENUE BONDS ISSUED UNDER THIS SECTION.
REVENUE BOND ANTICIPATION NOTES MAY BE ISSUED IN SERIES
AS FUNDS ARE REQUIRED AND PROVISION MAY BE MADE FOR
RENEWAL OF SUCH NOTES AT MATURITY WITH OR WITHOUT RESALE.
THE ISSUANCE OF SUCH NOTES AND THE DETAILS THEREOF, THE
RIGHTS OF THE HOLDERS THEREOF, AND THE RIGHTS, DUTIES AND
OBLIGATIONS OF THE TOWN IN RESPECT THERETO, SHALL BE
GOVERNED BY THE SAME PROVISIONS OF THIS SECTION RELATING
TO THE ISSUANCE OF REVENUE BONDS IN ANTICIPATION OF THE
SALE OF WHICH THE NOTES WERE ISSUED, INSOFAR AS THOSE
PROVISIONS MAY BE APPLICABLE.

(H) (I) REVENUE BONDS ISSUED UNDER THE PROVISIONS
OF THIS SECTION MAY BE SECURED BY A TRUST AGREEMENT BY
AND BETWEEN THE TOWN AND A CORPORATE TRUSTEE, WHICH MAY
BE ANY TRUST COMPANY, OR BANK HAVING TRUST POWERS, WITHIN
OR WITHOUT THE STATE. SUCH TRUST AGREEMENT MAY PLEDGE OR
ASSIGN ALL OR ANY PART OF THE REVENUES FROM OR ARISING IN
CONNECTION WITH ANY OF THE PROPERTY, FACILITIES OF
PROJECTS OF THE TOWN RELATED TO THE UNDERTAKING BEING
FINANCED. ANY SUCH TRUST AGREEMENT, OR RESOLUTION OR
ORDINANCE AUTHORIZING THE ISSUANCE OF REVENUE BONDS, MAY
CONTAIN SUCH PROVISIONS FOR THE PROTECTION AND
ENFORCEMENT OF THE RIGHTS AND REMEDIES OF BONDHOLDERS AS
MAY BE DEEMED REASONABLE AND PROPER, INCLUDING COVENANTS
SETTING FORTH THE DUTIES OF THE TOWN IN RELATION TO THE
FINANCING OR DEVELOPMENT OF ANY UNDERTAKING OF THE TOWN
AND THE EXTENSION, ENLARGEMENT, IMPROVEMENT, MAINTENANCE,
OPERATION, REPAIR AND INSURANCE OF ANY UNDERTAKING OF THE
TOWN AND THE CUSTODY, SAFEGUARDING AND APPLICATION OF
MONEYS. SUCH TRUST AGREEMENT MAY SET FORTH THE RIGHTS
AND REMEDIES OF THE BONDHOLDERS AND OF THE TRUSTEE AND
MAY RESTRICT THE INDIVIDUAL RIGHT OF ACTION BY
BONDHOLDERS. SUCH TRUST AGREEMENT MAY CONTAIN SUCH OTHER
PROVISIONS AS THE TOWN MAY DEEM REASONABLE AND PROPER FOP
THE SECURITY OF THE BONDHOLDERS, INCLUDING, WITHOUT
LIMITATION, COVENANTS PERTAINING TO THE ISSUANCE OF