1098                             LAWS OF MARYLAND                       [CH. 742

including covenants setting forth the duties of said Board of Trustees
in relation to the acquisition of property and the construction im-
provement, maintenance, 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 provisions for the employment of
independent consultants in connection with the construction or opera-
tion 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 proceeds of bonds or of revenues
to furnish such indemnifying bonds or to pledge such securities as
may be required by said Board of Trustees. Any such trust agree-
ment 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 addition to the
foregoing, any such trust agreement may contain such other pro-
visions as said Board of Trustees may deem reasonable and proper
for the security of the bondholders, including covenants to abandon,
restrict or prohibit the construction or operation of competing
facilities. 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.

248F.

The Board of Trustees of St. Mary's College 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 individual, or group or association of individuals, authorized
and desiring 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 housing 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, conditions, fees, rents and rates of charges for such use. The
fees, rents, charges and revenues from the housing unit or housing
units in connection 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 sufficient 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 purposes. Such fees,
rents and charges shall not be subject to supervision or regulation
by any other commission, 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 resolution authorizing the issuance of such bonds
or in the trust agreement 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 payment of (1) the interest upon such bonds as