HARRY HUGHES, Governor

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SUFFICIENT FOR ALL PURPOSES THE SAME AS IF HE HAD REMAINED
IN OFFICE UNTIL THE DELIVERY.

(F)    ALL REVENUE BONDS ISSUED UNDER THE PROVISIONS OF
THIS SECTION HAVE AND ARE HEREBY DECLARED TO HAVE, AS
BETWEEN SUCCESSIVE HOLDERS, ALL THE QUALITIES AND INCIDENTS
OF NEGOTIABLE INSTRUMENTS UNDER THE NEGOTIABLE INSTRUMENTS
LAW SECTION OF THE UNIFORM COMMERCIAL CODE OF THIS STATE.
PROVISIONS MAY BE MADE FOR THE REGISTRATION OF ANY OF THE
BONDS IN THE NAME OF THE OWNER AS TO PRINCIPAL ALONE AND
ALSO AS TO BOTH PRINCIPAL AND INTEREST, AND FOR THE ISSUANCE
OF NEW COUPON BONDS IN EXCHANGE FOR BONDS REGISTERED AS TO
BOTH PRINCIPAL AND INTEREST,

(G)    THE REVENUE BONDS SHALL BE SOLD BY THE
COMMISSION, AT PUBLIC OR PRIVATE SALE, IN A MANNER AND FOR A
PRICE AS IT DETERMINES IS FOR ITS BEST INTERESTS, BUT A SALE
MAY NOT BE MADE AT A PRICE SO LOW AS TO REQUIRE THE PAYMENT
OF INTEREST ON THE MONEY RECEIVED THEREFOR AT MORE THAN 6
PERCENT PER ANNUM, COMPUTED WITH RELATION TO THE ABSOLUTE
MATURITY OF THE BONDS IN ACCORDANCE WITH STANDARD TABLES OF
BOND VALUES. NONE OF THE PROVISIONS OF §§ 9, 10, AND 11 OF
ARTICLE 31 OF THE ANNOTATED CODE OF MARYLAND HAVE ANY
APPLICATION TO THE BONDS HEREBY AUTHORIZED AND SUCH BONDS
ARE EXPLICITLY EXEMPTED THEREFROM.

(H) IF THE PROCEEDS OF THE REVENUE BONDS, BY ERROR OF
CALCULATION OR OTHERWISE, ARE LESS THAN THE AMOUNT REQUIRED
FOR THE PURPOSE FOR WHICH BONDS ARE AUTHORIZED, ADDITIONAL
BONDS MAY BE ISSUED TO PROVIDE THE AMOUNT OF THE DEFICIT,
AND UNLESS OTHERWISE PROVIDED BY THE AUTHORIZING RESOLUTION
OF IN THE TRUST INDENTURE HEREINAFTER MENTIONED, THE
ADDITIONAL BONDS SHALL BE DEEMED TO BE OF THE SAME ISSUE AND
SHALL BE ENTITLED TO PAYMENT FROM THE SAME FUNDS WITHOUT
PREFERENCE OR PRIORITY OF THE BONDS FIRST ISSUED FOR SUCH
PURPOSES. IF THE PROCEEDS OF THE BONDS SHALL EXCEED THE
AMOUNT REQUIRED, THE SURPLUS SHALL BE PAID INTO THE SINKING
FUND HEREINAFTER PROVIDED FOR THE PAYMENT OF THE PRINCIPAL
OF AND INTEREST ON THE BONDS.

(I) PRIOR TO THE PREPARATION OF DEFINITIVE REVENUE
BONDS, THE COMMISSION, UNDER THE RESTRICTIONS, MAY ISSUE
TEMPORARY REVENUE BONDS WITH OR WITHOUT COUPONS,
EXCHANGEABLE FOR DEFINITIVE BONDS UPON THE ISSUANCE OF THE
LATTER. THE COMMISSION ALSO MAY PROVIDE FOR THE REPLACEMENT
OF ANY BONDS WHICH BECOME MUTILATED OR ARE DESTROYED OR
LOST. THE BONDS MAY BE ISSUED WITHOUT AN ELECTION OR ANY
OTHER PROCEEDINGS OR THE HAPPENING OF ANY CONDITIONS OR
THINGS OTHER THAN THOSE PROCEEDINGS, CONDITIONS, AND THINGS
SPECIFIED AND REQUIRED BY THIS SUBTITLE.

(J) A RESOLUTION PROVIDING FOR THE ISSUANCE OF
REVENUE BONDS ALSO MAY PROVIDE FOR THE ISSUANCE OF
ADDITIONAL BONDS AND MAY LIMIT THE AMOUNT BY THE RESOLUTION
OR TRUST INDENTURE, FOR THE PURPOSE OF PAYING THE COST OF
ANY EXTENSIONS, ADDITIONS, AND IMPROVEMENTS WHICH THEREAFTER
BECOME NECESSARY; THE ADDITIONAL BONDS MAY BE SOLD FROM TIME