WILLIAM DONALD SCHAEFER, Governor                   Ch. 246

(3) THE CUSTODY, SAFEGUARDING, AND APPLICATION OF
ALL MONEYS;

(4) PROVISIONS FOR THE EMPLOYMENT OF INDEPENDENT
CONSULTANTS IN CONNECTION WITH THE CONSTRUCTION OR OPERATION OF
THE AUXILIARY FACILITIES AND REQUIREMENTS THAT THE SYSTEM FOLLOW
THE RECOMMENDATION OF SUCH INDEPENDENT CONSULTANTS; AND

(5) PROVISIONS IN THE NATURE OF RATE COVENANTS
REQUIRING THE ESTABLISHMENT AND REVISION OF FEES, RENTS, CHARGES,
OR REVENUES AT CERTAIN LEVELS OR IN ACCORDANCE WITH PROCEDURES
SET FORTH THEREIN.

(D) ANY BANK OR TRUST COMPANY INCORPORATED UNDER THE LAWS
OF THE STATE WHICH ACTS AS A DEPOSITORY OF THE PROCEEDS OF THE
BONDS OR REVENUES MAY FURNISH INDEMNIFYING BONDS OR PLEDGE
SECURITIES AS REQUIRED BY THE SYSTEM.

(E) ANY TRUST AGREEMENT OR ANY RESOLUTION PROVIDING FOR THE
ISSUANCE OF BONDS MAY PROVIDE THE RIGHTS AND REMEDIES OF
BONDHOLDERS AND TRUSTEE, AND MAY RESTRICT THE INDIVIDUAL RIGHT OF
ACTION BY BONDHOLDERS.

(F) ANY TRUST AGREEMENT MAY CONTAIN OTHER PROVISIONS THE
SYSTEM DEEMS REASONABLE AND PROPER FOR THE SECURITY OF THE
BONDHOLDERS, INCLUDING COVENANTS TO ABANDON, RESTRICT, OR
PROHIBIT THE CONSTRUCTION OR OPERATION OF COMPETING FACILITIES
AND COVENANTS PERTAINING TO THE. ISSUANCE OF ADDITIONAL PARITY
BONDS UPON STATED CONDITIONS.

(G) THE RESOLUTION PROVIDING FOR THE ISSUANCE OF BONDS IS A
TRUST AGREEMENT IF IT SO STIPULATES.

(H) ALL EXPENSES INCURRED IN CARRYING OUT THE PROVISIONS OF
ANY TRUST AGREEMENT MAY BE TREATED AS A PART OF THE COST OF THE
OPERATION OF THE AUXILIARY FACILITIES.

19-105.

(A) A SYSTEM MAY CONTRACT FOR THE USE OF OR ADMISSION TO
ALL OR ANY PART OF ANY AUXILIARY FACILITY WITH ANY PERSON,
PARTNERSHIP, ASSOCIATION, CORPORATION, ENTITY, OR AGENCY AND MAY
FIX THE TERMS, CONDITIONS, FEES, RENTS, AND RATES OF CHARGES FOR
USE OR ADMISSION. SUCH FEES, RENTS, AND CHARGES MAY NOT BE
SUBJECT TO SUPERVISION OR REGULATION BY ANY OTHER COMMISSION,
BOARD, BUREAU, OR AGENCY OF THE STATE.

(B) THE RESOLUTION OR TRUST AGREEMENT RELATING TO ANY BONDS
MAY PROVIDE THAT THE FEES, RENTS, CHARGES, AND OTHER REVENUES
WHICH HAVE BEEN ASSIGNED OR PLEDGED AS SECURITY FOR THE BONDS,
EXCEPT THE PART NECESSARY TO PAY THE COST OF MAINTAINING,
EQUIPPING, REPAIRING, AND OPERATING THE AUXILIARY FACILITIES AND
TO PROVIDE RESERVES AS PROVIDED FOR IN THE RESOLUTION AUTHORIZING

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