Ch. 311                                  LAWS OF MARYLAND

then outstanding may be applied to the purchase or redemption of
revenue bonds. All bonds so purchased or redeemed forthwith
shall be cancelled.

[13-113. ] 6-113.                                                                                         

Any holder of bonds issued under the provisions of this
subtitle or of any of the coupons attached thereto, and the
trustee under the trust indenture, if any, except to the extent
the rights herein given 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 granted hereunder or under the resolution or
trust indenture, and may enforce and compel performance of all
duties required by this subtitle or by the resolution or trust
indenture to be performed by the Authority, the State, any
political subdivision thereof, or any officer thereof, including
the fixing, charging, and collecting of rates and charges for the
use of the facilities of the market and the park.

[13-114.] 6-114.

Bonds issued under the provisions of this subtitle are
securities in which all public officers and public agencies of
the State and its political subdivisions and all banks, trust
companies, savings and loan associations, investment companies,
and others carrying on a banking business, all insurance
companies and insurance associations and others carrying on an
insurance business, all administrators, executors, guardians,
trustees, and other fiduciaries, and all other persons may
legally and properly invest funds, including capital in their
control or belonging to them. The bonds are securities which
properly and legally may be deposited with and received by any
State or municipal officer or any agency or political subdivision
of the State for any purpose for which the deposit of bonds or
other obligations of the State is authorized by law.

[13-115.] 6-115.

The establishment of the market and the park under the
provisions of this subtitle is in all respects for the benefit of
the inhabitants of the State of Maryland or its political
subdivisions and is a public purpose, and the State of Maryland
and its political subdivisions and the Authority will be
performing an essential governmental function in the exercise of
the powers conferred by this subtitle, and with the exception of
State and local real estate taxes as required below the Authority
shall not be required to pay any taxes or assessments upon the
market and the park or any part thereof or upon its activities in
the operation and maintenance of the market and the park or upon
any revenues therefrom, and the bonds of the Authority issued
under this subtitle, and the interest thereon are forever exempt

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