WILLIAM DONALD SCHAEFER, Governor                        Ch. 5

principal of the bonds issued by the New Marsh Wholesale Produce
Market Authority.

DRAFTER'S NOTE:

Error: Obsolete cross-references in Article 41, §
13-110(h).

Occurred: See Drafter's Note for Article 41, §
13-101. Corrections by the Michie Company in the 1988
Cumulative Supplement to the 1986 Replacement Volume
of Volume 4 of the Annotated Code of Maryland are
validated by this Act.

13-112.

(b) The rates and charges shall be fixed and adjusted to
provide maximum revenues from the market and the park as
determined by the Authority, and the rates or charges shall not
be subject to supervision or regulation by any other commission,
board, bureau, or agency of the State or any political
subdivision thereof, so long as the Authority is in existence.
The rates, charges, and all other revenues derived from the
market and the park, except the part or parts thereof required to
pay the current expenses of the market and the park and to
provide reserves as provided for in the resolution authorizing
the issuance of the bonds or in the trust indenture, shall be set
aside at such regular intervals as provided in the resolution or
trust indenture, in a sinking fund which is hereby pledged to and
charged with the payment of (1) the interest upon the revenue
bonds provided for in [§ 6-111] § 13-111 OF THIS SUBTITLE as the
interest falls due, (2) the principal of the revenue bonds as it
falls due, (3) the necessary fiscal agency charges for paying
principal and interest, and (4) any premium upon the revenue
bonds retired by call or purchase as herein provided. The use
and disposition of the sinking fund shall be subject to such
regulations as is provided in the resolution authorizing the
issuance of the revenue bonds, or in the trust indenture, but
except as otherwise may be provided in the resolution or trust
indenture, the sinking fund shall be a fund for the benefit of
all revenue bonds without distinction or priority of one over
another. Subject to the provisions of the resolution authorizing
the issuance of bonds or of the trust indenture, any moneys in
the sinking fund in excess of an amount equal to 1 year's
interest on all the revenue bonds then outstanding may be applied
to the purchase or redemption of revenue bonds. All bonds so
purchased or redeemed forthwith shall be cancelled.

DRAFTER'S NOTE:

Error: Obsolete cross-reference in Article 41, §
13-112(b).

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