MARVIN MANDEL,

Governor

1661

except for tracks for railroad or railway use, and to fix
the terms, conditions, rents and rates of charges for
such use. Such tolls shall be so fixed and adjusted in
respect to the aggregate of tolls from the Expressway as
to provide a fund sufficient with other revenues, if any,
and after giving effect to the assignment and transfer of
such tolls and revenues to the Fidelity—Baltimore
National Bank & Trust Company, trustee under the trust
agreement, dated as of October 1, 1954, between it and
said Commission as provided for by such agreement
supplemental thereto as may be entered into by said
Commission pursuant to the provisions of [§ 141] §1 of
this subheading to pay (i) the cost of maintaining,
repairing and operating the Expressway, including such
bridge as may be constructed pursuant to this subheading,
and (ii) the principal of and the interest on the bonds
as the same shall become due and payable, and to create
reserves for such purposes. Such tolls shall not be
subject to supervision or regulation by any other
commission, board, bureau or agency of the State. The
tolls and all other revenues derived from the Expressway,
except (i) such part thereof as shall be payable to the
Fidelity—Baltimore National Bank & Trust Company, as
trustee under the trust agreement, dated as of October 1,
1954, hereinbefore referred to, pursuant to the
provisions of said supplemental agreement which may be
entered into by the Commission pursuant to the provisions
of [§ 141] §1 of this subheading and (ii) such part
thereof as may be necessary to pay such cost of
maintenance, repair and operation and to provide such
reserves therefor as may be provided for in the
resolution authorizing the issuance of such bonds or in
the trust agreement securing the same, shall be set aside
at such regular intervals as may be provided in such
resolution or such trust agreement in a sinking fund
which is hereby pledged to, and charged with, the payment
of (1) the interest upon such bonds as such interest
shall become due, (2) the principal of such bonds as the
same shall become due, (3) the necessary charges of
paying agents for paying principal and interest, and (4)
the redemption price or the purchase price of bonds
retired by call or purchase as therein provided. Such
pledge shall be valid and binding from the time when the
pledge is made; the tolls or other revenues or other
moneys so pledged and thereafter received by the
Commission shall immediately be subject to the lien of
such pledge without any physical delivery thereof or
further act, and the lien of any such pledge shall be
valid and binding as against all parties having claims of
any kind in tort, contract or otherwise against the
Commission, irrespective of whether such parties have
notice thereof. Neither the resolution nor any trust
agreement by which a pledge is created need be filed or
recorded except in the records of the Commission. To
the extent permitted by any existing or future resolution
authorizing the issuance of such bonds or by any existing
or future trust agreement securing the same, the
Commission is hereby authorized, after adequate provision