Ch. 311                                    LAWS OF MARYLAND

(1) The Authority may provide by resolution for the
issuance of a single issue of its revenue bonds for the combined
purposes of (1) paying the cost of any improvement, extension,
enlargement, or reconstruction of the market or park and (2)
refunding its bonds theretofore issued for such market and park
and then outstanding and which shall then have matured or be
subject to redemption or can be acquired for retirement. The
revenue refunding bonds shall mature at such time or times not
exceeding 40 years from the date or dates of their respective
issues as may be determined by the Authority.

(m) All moneys received from any revenue bonds issued and
sold under the provisions of this section shall be applied solely
for the. purposes for which the bonds are authorized or to the
sinking fund created for the payment of the bonds, and there is
created and granted a lien upon such moneys until so applied in
favor of the holders of the bonds or paid to the trustee
hereinafter provided for the bonds.

(n) In the discretion of the Authority, the revenue bonds
may be secured by a trust indenture by and between the Authority
and a corporate trustee, which may be any trust company or bank
having the powers of a trust company within or outside of the
State. Such trust indenture may pledge or assign all revenues to
be received from the market and the park, but it shall not convey
or mortgage the market or the park or any part or parts thereof
except with the express consent of the Board of Public Works.
The trust indenture may provide that any money realized from the
sale or the disposition of any of the land, buildings,
structures, facilities, equipment and other property of the
market or the park may be used to pay the interest on and
principal of the revenue bonds. Either the resolution providing
for the issuance of bonds or the trust indenture may contain
provisions for protecting and enforcing the rights and remedies
of the bondholders as reasonable and proper, not in violation of
law, including covenants setting forth the duties of the
Authority in relation to the construction, acquisition,
improvement, installation, maintenance, operation, repairs, 'and
insurance of the market and the park and the custody,
safeguarding, and application of all moneys; and may provide that
the market and the park be constructed and paid for under the
supervision and approval of consulting engineers employed or
designated by the Authority and satisfactory to the original
purchasers of the bonds issued hereunder; and may further provide
that the security given by contractors and by any depositary of
the proceeds of the bonds or revenues of the market and the park
or other moneys pertaining thereto be satisfactory to the
purchasers. It shall be lawful for any bank or trust company
incorporated under the laws of this State to act as depositary of
the proceeds of the bonds or revenue and to furnish such
indemnity bonds or to pledge such securities as may be required
by the Authority.

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