J. MILLARD TAWES, GOVERNOR                            453

repair, operation and insurance of the housing unit or housing units
in connection with which such bonds shall have been authorized, and
the custody, safeguarding and application of all moneys, and pro-
visions for the employment of independent consultants in connection
with the construction or operation of such housing unit or housing
units. It shall be lawful for any bank or trust company incorporated
under the laws of the State which may act as depository of the pro-
ceeds of bonds or of revenues to furnish such indemnifying bonds or
to pledge such securities as may be required by said University. Any
such trust agreement may set forth the rights and remedies of the
bondholders and of the trustee, and may restrict the individual right
of action by bondholders as is customary in trust agreements or trust
indentures securing bonds and debentures of corporations. In addi-
tion to the foregoing, any such trust agreement may contain such
other provisions as said University may deem reasonable and proper
for the security of the bondholders, including covenants to abandon,
restrict or prohibit the construction or operation of competing facili-
ties. All expenses incurred in carrying out the provisions of any such
trust agreement may be treated as a part of the cost of the operation
of the housing unit or housing units.

259E. The University of Maryland is hereby authorized (a) to
fix, revise, charge and collect fees, rents and other charges from any
individual, or group or association of individuals, authorized to use
any housing unit or any part thereof and to make mandatory the
payments of such fees and charges; (b) to contract with any indi-
vidual, or group or association of individuals, authorized and desir-
ing to use any housing unit or part thereof, for the use of the same
and to fix the terms, conditions, fees, rents and rates of charges for
such use; (c) to contract for the use of all or any part of such hous-
ing unit or housing units with any person, partnership, association,
corporation, entity or agency thereof desiring to use all or any part
of such housing unit or housing units, and to fix the terms, condi-
tions, fees, rents and rates of charges for such use. The fees, rents,
charges and revenues from the housing unit or housing units in con-
nection with which the bonds of any issue have been issued shall be
so fixed and adjusted from time to time as to provide a fund suffi-
cient to pay (i) the cost of maintaining, repairing and operating
such housing unit or housing units and (ii) the principal of and the
interest on such bonds as the same shall become due and payable,
and to create reserves for such purpose. Such fees, rents and charges
shall not be subject to supervision or regulation by any other com-
mission, board, bureau or agency of the State. The fees, rents,
charges and other revenues derived from the housing unit or housing
units in connection with which the bonds of any issue shall have been
issued (except such part thereof as may be necessary to pay the cost
of maintaining, equipping, repairing and operating the same and to
provide such reserves therefor as may be provided for in the resolu-
tion authorizing the issuance of such bonds or in the trust agree-
ment securing the same) shall be set aside at such regular intervals
as may be provided in such resolution or such trust agreement in a
sinking fund which is hereby pledged to, and charged with, the pay-
ment of (1) the interest upon such bonds as such interest shall fall
due, (2) the principal of such bonds as the same shall fall due, (3)
the necessary charges of paying agents for paying principal and
interest, and (4) the redemption price or purchase price of bonds
retired by call or purchase as provided in said resolution or trust