BLAIR LEE III, Acting Governor                        218 1

the employment of consulting engineers, auditors, attorneys
and other experts in connection with any such acquisition,
construction, maintenance or operation; (3) the terns and
provisions of the bonds and the securing of the proceeds
thereof, the imposition and collection of assessments,
charges and rentals for the use of any such project or
projects and the use, application and security of any
revenues so collected, including the establishment, deposit
and securing from any such revenues for debt service on, or
prior redemption of, any such revenue bonds, or for the
maintenance, operation and improvement of any such project
or projects; (4) the insurance on any such project or
projects; (5) the issuance of additional revenue bonds for
any such project or projects and the limitations thereon;
(6) the powers, duties and indemnification of any trustee,
or its successor, party to any such trust indenture; (7) the
rights and remedies of said trustee and of bondholders in
the event of any default by the [Commission] COUNTY under
any such trust indenture, which rights and remedies may
include the taking over of any operation by said trustee or
by a receiver appointed by a court of competent jurisdiction
of the project or projects financed with the proceeds of any
such issue of revenue bonds secured by such trust indenture,
and the marshalling of the revenues from any such project or
projects for the use and benefit of bondholders. In
addition to the covenants enumerated above but subject to
the limitations herein contained, the {Commission] COUNTY is
hereby authorized and empowered to make such further
additional covenants in any such trust indenture, of like or
different character as, in its judgment, may be necessary,
convenient or desirable for the better security of any issue
of its revenue bonds secured by any such trust indenture or
as will, in its judgment, tend to make any such bonds more
marketable.

15-17A.

(A) THE BOARD MAY PROVIDE FOR THE ISSUANCE OF THE
COUNTY'S BONDS UNDER THIS SUBTITLE AT ANY TIME OR TIMES FOR
THE PURPOSE OF REFUNDING ANY BONDS OF (1) THE DISTRICT, A
BODY POLITIC AND CORPORATE CREATED BY THE COUNTY PURSUANT TO
THE PROVISIONS OF SECTIONS 645 TO 673, INCLUSIVE, OF ARTICLE
43 OF THE ANNOTATED CODE OF MARYLAND (1957 EDITION, AS
AMENDED AND SUPPLEMENTED FROM TIME TO TIME); (2) THE
COMMISSION; AND (3) THE COUNTY, ACTING PURSUANT TO THIS
SUBTITLE, WHICH ARE THEN OUTSTANDING, INCLUDING THE PAYMENT
OF ANY REDEMPTION PREMIUM THEREON AND ANY INTEREST ACCRUED
OR TO ACCRUE TO THE EARLIEST OR ANY SUBSEQUENT DATE OF
REDEMPTION, PURCHASE OR MATURITY OF THE BONDS. THE
AUTHORITY OF THE BOARD TO PROVIDE FOR THE ISSUANCE OF THE
COUNTY'S BONDS UNDER THIS SECTION SHALL BE DEEMED TO BE IN
ADDITION TO ANY POWERS PROVIDED IN SECTION 24 OF ARTICLE 31
OF THE ANNOTATED CODE OF MARYLAND. REFUNDING BONDS MAY BE
ISSUED FOR ANY CORPORATE PURPOSE INCLUDING, WITHOUT
LIMITATION, THE PUBLIC PURPOSES OF REALIZING SAVINGS IN THE
EFFECTIVE COSTS OF DEBT SERVICE, DIRECTLY OR THROUGH A DEBT
RESTRUCTURING, OR ALLEVIATING AN IMPENDING OR ACTUAL
DEFAULT. REFUNDING BONDS MAY BE ISSUED IN AN AMOUNT IN