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MARVIN MANDEL, Governor 129
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References to "notes, and other evidences of
obligation" are inserted to conform to the
language of §4—301 of this subtitle; in this
regard, see revisor's notes to §§4—301 and
3—201 of this article.
The only other changes are in style.
4-316. REMEDIES OF BONDHOLDER AND TRUSTEE.
EXCEPT TO THE EXTENT RESTRICTED BY THE TRUST
AGREEMENT, THE TRUSTEE OR ANY HOLDER OF REVENUE BONDS
ISSUED UNDER THIS SUBTITLE OR OF ANY OF THE COUPONS
APPERTAINING TO THE BONDS MAY:
(1) BRING A SUIT, ACTION, MANDAMUS, OR OTHER
PROCEEDING AT LAW OR IN EQUITY TO PROTECT AND ENFORCE ANY
RIGHT UNDER THE LAWS OF THIS STATE OR UNDER THE BOND
AUTHORIZING RESOLUTION OR TRUST AGREEMENT; AND
(2) ENFORCE AND COMPEL THE PERFORMANCE OF
ALL DUTIES REQUIRED BY THIS SUBTITLE OR BY THE TRUST
AGREEMENT TO BE PERFORMED BY THE AUTHORITY OR BY ANY OF
ITS OFFICERS, INCLUDING THE FIXING, CHARGING, AND
COLLECTING OF RENTALS, RATES, FEES, TOLLS, AND OTHER
CHARGES AND REVENUES.
REVISOR'S NOTE: This section presently appears as
Art. 94A, §20.
The only changes are in style.
4-317. BONDS AND OTHER EVIDENCES OF OBLIGATION ARE LEGAL
INVESTMENTS.
ALL PUBLIC OFFICERS AND PUBLIC AGENCIES OF THIS
STATE AND ITS POLITICAL SUBDIVISIONS, ALL BANKS, TRUST
COMPANIES, SAVINGS AND LOAN ASSOCIATIONS, INVESTMENT
COMPANIES, AND OTHERS CARRYING ON A BANKING BUSINESS, ALL
INSURANCE COMPANIES, INSURANCE ASSOCIATIONS, AND OTHERS
CARRYING ON AN INSURANCE BUSINESS, ALL PERSONAL
REPRESENTATIVES, GUARDIANS, TRUSTEES, AND OTHER
FIDUCIARIES, AND ALL OTHER PERSONS MAY LEGALLY AND
PROPERLY INVEST FUNDS, INCLUDING CAPITAL IN THEIR CONTROL
OR BELONGING TO THEM, IN REVENUE BONDS, NOTES, AND OTHER
EVIDENCES OF OBLIGATION ISSUED UNDER THIS SUBTITLE.
THESE BONDS, NOTES, AND OTHER EVIDENCES OF OBLIGATION
MAY LEGALLY AND PROPERLY BE DEPOSITED WITH AND RECEIVED
BY ANY STATE OR MUNICIPAL OFFICER OR ANY AGENCY OR
POLITICAL SUBDIVISION OF THIS STATE FOR ANY PURPOSE FOR
WHICH THE DEPOSIT OF BONDS OR OTHER OBLIGATIONS OF THIS
STATE IS AUTHORIZED BY LAW.
REVISOR'S NOTE: This section presently appears as
Art. 94A, §21.
The present references to the bonds as being
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