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Session Laws, 1984
Volume 759, Page 1758   View pdf image
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1758

LAWS OF MARYLAND

Ch. 289

construction, maintenance or operation;

(3)   [the] THE terms and provisions of the bonds and
the securing of [the] THEIR 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
securing of any revenues so collected, including the
establishment, deposit and securing from any such revenues of
reserves 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] THE insurance on any such project or
projects;

(5)   [the] THE issuance of additional revenue bonds
for any such project or projects and the limitations [thereon] ON
THEM;

(6)   [the] THE powers, duties and indemnification of
any trustee, or its successor, party to any such trust indenture;

(7)   [the] THE rights and remedies of [said] THE
trustee and the bondholder in the event of any default by the
District under any [such] trust indenture[, which]. THE rights
and remedies may include the taking over of any operation by
[said] THE 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]
THE trust indenture, and the marshalling of the revenues from any
such project or projects for the use and benefit of bondholders.

(E) In addition to the covenants enumerated [above] IN
SUBSECTION (D) OF THIS SECTION but subject to the FOLLOWING
limitations [herein contained], the District [is hereby
authorized and empowered to] MAY make [such] further additional
covenants in any [such] trust indenture, of like or different
character as [, in its judgment, may be] IS necessary,
convenient, or desirable for the better security of any issue of
its revenue bonds secured by any [such] THE trust indenture or as
will, in its judgment, tend to make [any such] THE bonds more
marketable. (1961, ch. 743, sec. 535.)

28-9. Temporary bonds; further powers; exclusion from
limitations.

(A) [Prior to] BEFORE the preparation of the definitive
bonds authorized to be issued by Sections 28-7 and 28-8 of this
subtitle, the District [may], under [like] SIMILAR restrictions,
MAY issue interim receipts or temporary bonds, with or without
coupons, [exchangeable] THAT MAY BE EXCHANGED for definitive
bonds, when [such] THE definitive bonds have been executed and
are available for delivery. In [addition, the District may, in]
anticipation of the issuance of any such bonds, THE DISTRICT MAY
issue bond anticipation notes [pursuant to the authority of, and

 

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Session Laws, 1984
Volume 759, Page 1758   View pdf image
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