WILLIAM DONALD SCHAEFER, Governor Ch. 311

covenants setting forth the duties of the Corporation in relation
to the custody, safeguarding, and application of all moneys. It
shall be lawful for any corporation or trust company incorporated
under the laws of this State to act as depository of the proceeds
of the bonds or revenues and to furnish any indemnity bonds or to
pledge any securities that the Corporation requires.

(2) The resolution or trust indenture may set forth
the rights and remedies of the bondholders and of any trustee,
and may restrict the individual right of action of bondholders.
The Corporation may provide by resolution or by the trust
indenture for the payment of the proceeds of the sale of the
bonds and the revenues of the Corporation to such officer, board,
or depository as it determines for their custody and for the
method of disbursement, with such safeguards and restrictions as
it determines. All expenses incurred in carrying out any trust
indenture may be treated as a part of the cost of operation of
the Corporation.

[12-107.] 5-107.

(a)  The Corporation may fix and revise from time to time
rates or charges for the use of the services of the Corporation,
and charge and collect the same, and contract with any person,
partnership, association, or corporation desiring the use of any
of the services of the Corporation, and fix the terms,
conditions, and rates of charges for such use.

(b)  The rates or charges of the Corporation shall not be
subject to supervision or regulation by any other commission,
board, bureau, or agency of the State or any political
subdivision thereof. The rates, charges, and all other revenues
derived by the Corporation may be applied by the Corporation to
any lawful purpose, subject to the provisions of any resolution,
trust indenture, or other agreement relating to bonds or the
Corporation.

(c)  The net earnings of the Corporation, aside from those
necessary to pay debt service or to implement the Corporation's
programs, may not inure to the benefit of any person other than
the State.

[12-108.] 5-108.

Any holder of bonds issued under the provisions of this
subtitle and the trustee under the trust indenture, if any,
except to the extent the rights granted by this subtitle are
restricted by resolution passed before the issuance of the bonds
or by the trust indenture, either at law or in equity, by suit,
action, mandamus, or other proceedings, may protect and enforce
any and all rights under the laws of Maryland or under the
resolution or trust indenture, and may enforce and compel
performance of all duties required by this subtitle or by the

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