MARVIN MANDEL, Governor

2315

under any such indenture. Any such indenture may provide
for the deposit with [said] THE trustee of the proceeds
of sale of the issue of revenue bonds secured thereby and
the application of [such] THE proceeds to payment of the
cost of the facility financed by [said] THE issue of
bonds. The commission may enter into appropriate
covenants in [said] THE indenture concerning the fixing
of fees, charges and rentals for the use and enjoyment of
any facility, the payment of gross or net revenues from
such facility, and other funds pledged as [hereinabove]
authorized BY THIS SUBSECTION, to the trustee and the
application of [said] THE payments by the trustee to the
payment of the principal of and interest on the bonds
secured by [said] THE indenture, and the establishment
and maintenance of reserves or a sinking fund therefor.
Any such trust agreement or indenture may contain a
pledge of, and constitute a lien on, the revenues and
funds pledged by the commission for the payment of an
issue of revenue bonds[, as aforesaid], but [no such]
THAT trust agreement or indenture [shall] MAY NOT
constitute a mortgage of, or lien upon, the facility, the
revenues from which are pledged thereunder. However, any
such trust agreement or indenture may contain appropriate
provisions for the protection of bondholders[,] in the
event of a default by the commission in the performance
of any of its covenants thereunder, including the right
of the trustee to sell any of [said] TEE facilities at
public or private sale and the application of the
proceeds of sale to the liquidation of revenue bonds
secured thereby. [; provided, the] HOWEVER, THE
commission shall first certify in writing to the trustee
that [such is] THE FACILITIES ARE no longer needed for
public use.

(8)    If deemed necessary by the commission to
the advantageous marketing or sale of any revenue bonds
issued under this subsection, Prince George's County
shall endorse on each such bond its guarantee of the
performance by the commission of its covenants contained
in [said] THE bonds or in any such trust agreement or
indenture. [Said] THE guaranty shall be in the following
form:

"Prince George's County [hereby] unconditionally
guarantees to the holder of this bond that the covenants
and agreements of The Maryland—National Capital Park and
Planning Commission [therein] contained or referred to
THEREIN will be performed and fulfilled in accordance
with their terms."

(9)    Each such guaranty shall be endorsed on
behalf of the county in the manner prescribed in this
section for the guaranty of the commission's general
obligation bonds.

(10)   The principal of and interest on any
revenue bonds issued under this subsection shall be
exempt from taxation in the State of Maryland as provided