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Session Laws, 1969
Volume 692, Page 1339   View pdf image
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MARVIN MANDEL, Governor                      1339

[for students, both graduate and undergraduate, at each of the pub-
lic colleges under its direction and control];

(b)    To issue revenue bonds of the board of trustees for the pur-
pose of paying all or any part of the cost of any one or more of said
[housing units] auxiliary facilities;

(c)    To fix and revise, from time to time, fees, rents and other
charges for the use of [such housing units] any auxiliary facility;

(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 165A-165J, inclusive of this subtitle;

(e)    To make and enter into all contracts and agreements neces-
sary or incidental to the performance of its duties and the execution
of its powers under Sections 165A-165J, inclusive, of this subtitle,
and to employ consulting engineers, attorneys, construction and finan-
cial experts and such other employees and agents as may be necessary
in the opinion of said board of trustees and to fix their compensa-
tion; provided that all such acts and agreements shall be payable
solely from the proceeds of revenue bonds issued under the provisions
of Sections 165A-165J, 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] auxiliary facility 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 establish, or cause to be established, rules or regulations
for the use or operation of any auxiliary facility; and

[g](h) To do all acts and things necessary or convenient to carry
out the powers expressly granted by the provisions of Sections 165A-
165J, inclusive, of this subtitle.

165C.

(a) The board of trustees of the State colleges is hereby author-
ized and empowered to provide, by resolution, from time to time, for
the issuance, in any combination of issues and series, of its negotiable
bonds, certificates or other evidence of indebtedness for the purpose
of paying all or any part of the cost of any one or more of said [hous-
ing units] auxiliary facilities. The principal and interest on such
bonds, certificates or other evidence [or [of]] 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 exceeding 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 tr