1840                                         LAWS OF MARYLAND                                     Ch. 173

(6)  MAY RESTRICT THE INDIVIDUAL RIGHT OF ACTION OF A
BONDHOLDER IN ANY WAY THAT IS CUSTOMARY IN A TRUST AGREEMENT OR
TRUST INDENTURE THAT SECURES BONDS OR DEBENTURES OF A
CORPORATION; AND

(7)  MAY INCLUDE ANY OTHER PROVISION THAT THE
AUTHORITY CONSIDERS TO BE REASONABLE AND PROPER FOR THE SECURITY
OF BONDHOLDERS.

(C)  PAYMENT AND DISBURSEMENT OF PROCEEDS OF AND REVENUES
FROM BONDS.

EXCEPT AS OTHERWISE PROVIDED IN THIS SUBTITLE, AN AUTHORITY
MAY PROVIDE FOR:

(1)  PAYMENT OF THE PROCEEDS OF THE SALE OF ITS BONDS
AND PAYMENT OF ANY REVENUE OF THE AUTHORITY TO ANY OFFICER,
BOARD, OR DEPOSITARY THAT THE AUTHORITY DESIGNATES AS CUSTODIAN
OF THE PROCEEDS AND REVENUES; AND

(2)  DISBURSEMENT OF THE PROCEEDS AND REVENUES WITH
ANY SAFEGUARDS AND RESTRICTIONS THAT THE AUTHORITY DETERMINES.

(D)  EXPENSES OF RESOLUTION OR TRUST AGREEMENT.

AN AUTHORITY MAY TREAT ANY EXPENSE THAT IS INCURRED IN
CARRYING OUT THE PROVISIONS OF A RESOLUTION OR TRUST AGREEMENT
UNDER THIS SECTION AS A PART OF THE COST OF OPERATION OF THE
PROJECT.

REVISOR'S NOTE: This section is new language derived
without substantive change from former HE § 9-912.

In subsection (b)(6) of this section, the former word
"reconstruction" is deleted as unnecessary in light of
the other provisions of this subsection.

9-939. CONTENTS AND EFFECT OF RESOLUTION OR TRUST AGREEMENT.

(A)  IN GENERAL.

A RESOLUTION OR TRUST AGREEMENT THAT PROVIDES FOR THE
ISSUANCE OF OR SECURES BONDS UNDER THIS SUBTITLE MAY:

(1)  INCLUDE ANY OF THE PROVISIONS IN SUBSECTIONS (C)
THROUGH (F) OF THIS SECTION; AND"

(2)  REQUIRE THE AUTHORITY TO ADOPT RESOLUTIONS OR
TAKE ANY OTHER LAWFUL ACTION THAT IS NECESSARY TO ENFORCE THOSE
PROVISIONS.

(B)  AUTHORITY TO ADOPT CERTAIN RESOLUTIONS.

IF A RESOLUTION OR TRUST AGREEMENT INCLUDES ANY OF THE
PROVISIONS OF SUBSECTIONS (C) THROUGH (F) OF THIS SECTION, THE