SPIRO T. AGNEW, Governor                      1491

(d)  To acquire, hold and dispose of real and personal property in
the exercise of its powers and the performance of its duties under
Sections 248L-248U, inclusive, of this subtitle;

(e)  To make and enter into all contracts and agreements necessary
or incidental to the performance of its duties and the execution of
its powers under Sections 248L-248U, inclusive, of this subtitle,
and to employ consulting engineers, attorneys, construction and
financial experts and such other employees and agents as may be
necessary in the opinion of said Board of Trustees and to fix their
compensation; provided that all such acts and agreements shall be
payable solely from the proceeds of revenue bonds issued under the
provisions of Sections 248L-248U, inclusive, of this subtitle, or from
funds otherwise provided;

(f)   To receive and accept from, the United States of America or
any agency thereof grants for or in aid of the construction of any
housing unit or any part thereof, and to receive and accept aid or
contributions from any source of either money, property, labor or
other things of value, to be held, used and applied only for the
purposes for which such grants and contributions may be made; and

(g)  To do all acts and things necessary or convenient to carry
out the powers expressly granted by the provisions of Sections
248L-248U, inclusive, of this subtitle.

248N.

(a) The Board of Trustees of St. Mary's College of Maryland is
hereby authorized and empowered to provide, by resolution, from
time to time, for the issuance, in series, of its negotiable bonds, cer-
tificates or other evidence of indebtedness for the purpose of paying
all or any part of the cost of any one or more of said housing units.
The principal and interest on such bonds, certificates or other evi-
dence of indebtedness shall be payable solely from the funds herein
provided for such payment. The bonds of each issue shall be dated,
shall bear interest, and shall mature at such time or times, not ex-
ceeding 40 years from their date or dates, as may be determined by
the said Board of Trustees. The bonds of each issue may be made
redeemable before maturity at the option of the said Board of
Trustees at such price or prices and under such terms and conditions
as may be fixed by the said Board of Trustees prior to the issuance of
the bonds. The said Board of Trustees shall determine the form of
the bonds, including any interest coupons to be attached thereto, and
shall fix the denomination or denominations of the bonds and the
place or places of payment of principal and interest which may be at
any bank or trust company within or without the State. The bonds
shall bear the manual or facsimile signature of the chairman or one
of the other members of the said Board of Trustees and the official
seal of the said Board of Trustees or a facsimile thereof shall be af-
fixed to said bonds, attested by the manual or facsimile signature of
the secretary or an assistant secretary of said Board of Trustees,
provided that at least one of said signatures with respect to each of
said bonds shall be a manual signature, and any coupons attached
thereto shall bear the facsimile signature of the chairman of said
Board of Trustees. In case any officer whose signature or a facsimile
of whose signature shall appear on any bonds or coupons shall cease
to be such officer before the delivery of such bonds, such signature