1160                             LAWS OF MARYLAND                        [CH. 538

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
addition 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 com-
peting 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.

259Y.

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 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, corpo-
ration, 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, when
combined with other available revenues, 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 purpose. Such fees, rents and charges shall not
be subject to supervision or regulation by any other commission,
board, bureau or agency of the State. Such fees, rents, charges and
other revenues (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 agree-
ment in a sinking fund which is hereby pledged to, and charged
with, the payment 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, (8) 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 reso-
lution or trust agreement. Such pledge shall be valid and binding
from the time when the pledge is made; such fees, rents, charges
and other revenues or other moneys so pledged and thereafter re-
ceived by the University shall immediately be subject to the lien of
such pledge without any physical delivery thereof or further act,
and the lien of any such pledge shall be valid and binding as against
all parties having any claims of any kind in tort, contract or other-