4896

MUNICIPAL CHARTERS

ADDITIONAL PARITY REVENUE BONDS UPON CONDITIONS STATED
THEREIN CONSISTENT WITH THE REQUIREMENTS OF THIS SECTION.
ALL EXPENSES INCURRED IN CARRYING OUT THE PROVISIONS OF
ANY SUCH TRUST AGREEMENT MAY BE TREATED AS A PART OF THE
COST OF FINANCING THE UNDERTAKING OF THE TOWN IN
CONNECTION WITH WHICH SUCH REVENUE BONDS HAVE BEEN
ISSUED.

(II)    REVENUE BONDS ISSUED UNDER THE
PROVISIONS OF THIS SECTION MAY BE ADDITIONALLY SECURED BY
THE PLEDGE, MORTGAGE, ASSIGNMENT, OR CREATION OF OTHER
SECURITY INTEREST OR RIGHT IN, ANY PROJECT, THE REVENUES
DERIVED FROM A PROJECT, OR FROM ANY EXISTING FACILITIES
TO WHICH SUCH PROJECT IS RELATED.

(III)  THE PROCEEDS OF THE SALE OF REVENUE
BONDS SHALL BE PAID TO THE TRUSTEE UNDER ANY TRUST
AGREEMENT SECURING SUCH REVENUE BONDS AND SHALL BE
DISBURSED IN SUCH MANNER AND UNDER SUCH RESTRICTIONS, IF
ANY, AS MAY BE PROVIDED IN SUCH TRUST AGREEMENT.

(I) ANY HOLDER OF REVENUE BONDS ISSUED UNDER THIS
SECTION OR OF ANY COUPONS THERETO APPERTAINING, AND THE
TRUSTEE, EXCEPT TO THE EXTENT THE RIGHTS HEREIN GIVEN MAY
BE RESTRICTED BY THE TRUST AGREEMENT, MAY, EITHER AT LAW
OR IN EQUITY, BY SUIT, ACTION, MANDAMUS OR OTHER
PROCEEDINGS, PROTECT AND ENFORCE ANY AND ALL RIGHTS UNDER
THE LAWS OF THIS STATE OR GRANTED HEREUNDER OR UNDER THE
TRUST AGREEMENT OR THE RESOLUTION OR ORDINANCE
AUTHORIZING THE ISSUANCE OF SUCH REVENUE BONDS, AND MAY
ENFORCE AND COMPEL THE PERFORMANCE OF ALL DUTIES REQUIRED
BY THIS SECTION OR BY THE TRUST AGREEMENT TO BE PERFORMED
BY THE TOWN OR BY ANY OFFICER THEREOF, INCLUDING THE
FIXING, CHARGING AND COLLECTING OF RENTALS, RATES, FEES,
TOLLS AND OTHER CHARGES.

(J) NO REFERENDUM SHALL BE NECESSARY FOR ANY ISSUE
OF REVENUE BONDS MADE PURSUANT TO THE AUTHORITY CONTAINED
IN THIS SECTION.

(K) IF ANY PART OR PARTS OF THIS SECTION OF THE
CHARTER SHALL BE HELD TO BE ILLEGAL OR UNCONSTITUTIONAL,
THE ILLEGALITY OR UNCONSTITUTIONALITY SHALL NOT AFFECT
THE VALIDITY OF THE REMAINING PARTS OF THIS SECTION. THE
PRESIDENT AND BOARD OF COMMISSIONERS OF UPPER MARLBORO
HEREBY DECLARE THAT THEY WOULD HAVE PASSED THE REMAINING
PARTS OF THIS SECTION IF THEY HAD KNOWN THAT THE PAST OR
PARTS THEREOF WOULD BE DECLARED ILLEGAL OR
UNCONSTITUTIONAL.

SECTION 2. AND BE IT FURTHER RESOLVED, that the
date of adoption of this Resolution is November 12, 1974,
and the amendment of the Charter of the Town of Upper