1494                             LAWS OF MARYLAND                        [CH. 693

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.

248P.

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
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 pur-
chase price of bonds retired by call or purchase as provided in said
resolution or trust agreement. Such pledge shall be valid and bind-
ing from the time when the pledge is made; such fees, rents, charges
and other revenues or other moneys so pledged and thereafter
received by the Board of Trustees 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 otherwise against the Board of Trustees, irrespective of whether
such parties have notice thereof. Neither the resolution nor any trust
agreement by which a pledge is created need be filed or recorded
except in the records of said Board of Trustees. The use and dis-
position of moneys to the credit of such sinking fund shall be subject
to the provisions of the resolutions authorizing the issuance of such
bonds or of such trust agreement.