HARRY HUGHES, Governor                               2057

financed thereby. [and such] SUCH revenue bonds shall
[contain no guarantee of payment of principal and interest
by the county,] NOT CONSTITUTE AN OBLIGATION OF, OR A PLEDGE
OF THE FAITH AND CREDIT OF, THE COUNTY OR THE STATE OF
MARYLAND, but, on the contrary, [shall recite that] the
principal and interest thereof are payable solely from the
revenues prescribed therein or in the resolution or trust
indenture authorizing the same[.] AND EACH REVENUE BOND
SHALL SO STATE.

(B) The [commission] BOARD is hereby authorized and
empowered, in its discretion, to secure any revenue bonds
issued hereunder by an appropriate trust indenture by and
between the [commission] COUNTY and a corporate trustee,
which may be any trust company, or bank having trust powers,
within or outside the state. Every such trust indenture,
[and revenue bonds secured thereby,] shall clearly recite
that such bonds are LIMITED obligations of the [commission]
COUNTY, payable solely from the revenues therein prescribed,
and do not constitute GENERAL obligations of the county or
of the State of Maryland[.] AND THAT THE FAITH AND CREDIT
AND TAXING POWER OF THE COUNTY OR THE STATE OF MARYLAND ARE
NOT PLEDGED TO THE PAYMENT OF THE BONDS. Any such trust
indenture may contain covenants on the part of the
[commission] COUNTY, not contrary to law, deemed necessary
or appropriate by the [commission] BOARD for the proper
security of the purchasers of any such bonds, but the
[commission] COUNTY shall NOT enter into [no] ANY covenant
which [shall] WILL permit [said] THE trustee or bondholders
in any manner to sell or otherwise divest the [commission]
COUNTY of its title to any project or projects financed with
the proceeds of any such bonds, without the prior written
consent of the county [and the commission]. Subject to the
foregoing limitation, any such trust indenture may contain
covenants for the protection of bondholders relating to all
or any of the following: [(a)] (1) [The] THE nature, extent
and procedure for acquiring or constructing any project or
projects and the supervision thereof; [(b)] (2) the
maintenance and operation of any such project or projects,
and the supervision thereof, the employment of consulting
engineers, auditors, attorneys and other experts in
connection with any such acquisition, construction,
maintenance or operation; [(c)] (3) the terras 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; [(d)] (4)
the insurance on any such project or projects; [(e)] (5) the
issuance of additional revenue bonds for any such project or
projects and the limitations thereon; [(f)] (6) the powers,
duties and indemnification of any trustee; or its successor,
party to any such trust indenture; [(g)] (7) the rights and
remedies of said trustee and of bondholders in the event of