MARVIN MANDEL, Governor                             1659

absolute maturity of the bonds in accordance with
standard tables of bond values, excluding, however, from
such computation the amount of any premium to be paid on
redemption of any bonds prior to maturity.

(b)    Use of proceeds; issuance of additional
bonds.— The proceeds of the bonds shall be used solely
for the payment of the cost of the Expressway, and shall
be disbursed in such manner and under such restrictions,
if any, as the Commission may provide in the resolution
authorizing the issuance of such bonds or in the trust
agreement hereinafter mentioned securing the same. If
the proceeds of the bonds initially issued, by error of
estimates or otherwise, shall be less than such cost,
additional bonds may in like manner be issued to provide
the amount of such deficit, and, unless otherwise
provided in the resolution authorizing the issuance of
such bonds or in the trust agreement securing the same,
shall be deemed to be of the same issue and shall be
entitled to payment from the same fund without preference
or priority of the bonds first issued. If the proceeds
of the bonds shall exceed such cost, the surplus shall be
deposited to the credit of the sinking fund for such
bonds.

(c)    Interim receipts or temporary bonds.— Prior
to the preparation of definitive bonds, the Commission
may, under like restrictions, issue interim receipts or
temporary bonds, with or without coupons, exchangeable
for definitive bonds when such bonds shall have been
executed and are available for delivery. The Commission
may also provide for the replacement of any bonds which
shall become mutilated or shall be destroyed or lost.

(d)    Consent of State agency, compliance with other
conditions not required; Article 31, §§ 9 to 11
inapplicable.— Bonds may be issued under the
provisions of this subheading without obtaining the
consent of any department, division, commission, board,
bureau or agency of the State, and without any other
proceedings or the happening of any other conditions or
things than those proceedings, conditions or things which
are specifically required by this subheading. The
provisions of ARTICLE 31, §§ 9 to 11, inclusive, of
[Article 31] THE ANNOTATED CODE OF MARYLAND (1957
EDITION, AS AMENDED) and any amendments thereto, shall
not apply to revenue bonds or to revenue refunding bonds
issued under the provisions of this subheading.

§8. [§ 148.] Trust agreement; resolution providing for
issuance of bonds; security of depositary of proceeds and
revenues.

In the discretion of the Commission any bonds issued
under the provisions of this subheading may be secured by
a trust agreement by and between the Commission and a
corporate trustee, which may be any trust company or bank
having the powers of a trust company within or without
the State. Such trust agreement or the resolution
providing for the issuance of such bonds may pledge or
assign the tolls and other revenues to be received, but