1648                                     LAWS OF MARYLAND                            Ch. 608

incorporated municipality or any other public agency
within the State.

§18. [§ 133.] Bonds eligible for investment.

Bonds issued under the provisions of this subheading
are hereby made securities in which all public officers
and public agencies of the State and its political
subdivisions, and all banks, trust companies, savings and
loan associations, investment companies and others
carrying on a banking business, all insurance companies
and insurance associations and others carrying on an
insurance business, all administrators, executors,
guardians, trustees and other fiduciaries, and all other
persons may legally and properly invest funds, including
capital in their control or belonging to them. Such
bonds are hereby made securities which may properly and
legally be deposited with and received by any State or
municipal officer or any agency or political subdivision
of the State for any purpose for which the deposit of
bonds or other obligations of the State is now or may
hereafter be authorized by law.

§19. [§ 134.] Maintaining in repair; damage to private
property; power of political subdivisions to lend or
lease property.

Each project when constructed and opened to traffic
shall be maintained and kept in good condition and repair
by the Commission. Each such project shall also be
policed and operated by such force of watchmen, toll
takers and other operating employes as the Commission may
in its discretion employ.

All private property damaged or destroyed in
carrying out the powers granted by this subheading shall
be restored or repaired and placed in its original
condition as nearly as practicable or adequate
compensation made therefor out of funds provided under
the authority of this subheading.

All counties, cities, villages, townships and other
political subdivisions and all public agencies and
commissions of the State of Maryland, notwithstanding any
contrary provisions of law, are hereby authorized and
empowered to lease, lend, grant or convey to the
Commission at its request upon such terms and conditions
as the proper authorities of such counties, cities,
villages, townships, other political subdivisions or
public agencies and commissions of the State may deem
reasonable and fair and without the necessity of any
advertisement, order of court or other action or
formality, other than the regular and formal action of
the authorities concerned, any real property or tangible
or intangible personal property, which may be necessary
or convenient to the effectuation of the authorized
purposes of the Commission, including public roads and
other real property and tangible or intangible personal
property already devoted to public use.