MARVIN MANDEL, Governor                      1343

auxiliary facility. 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 agreement may set forth the rights and
remedies of the bond holders 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 board of trustees may
deem reasonable and proper for the security of the bondholders,
including (without limitation) covenants to abandon, restrict or
prohibit the construction or operation of competing facilities and
covenants pertaining to the issuance of additional parity bonds upon
conditions stated therein consistent with the requirements of Sec-
tions 165A-165J, inclusive, of this subtitle. 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] auxiliary facility or auxiliary facilities in connection
with which such bonds shall have been issued.

165E.

The board of trustees of the State colleges is hereby authorized

(a)  to fix, revise, charge and collect fees, rents and other charges
from any individual, or group or association of individuals, author-
ized to use any [housing unit] auxiliary facility 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 indi-
viduals, authorized and desiring to use any [housing unit] auxiliary
facility 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 con-
tract for the use of all or any part of [such housing unit or housing
units] any auxiliary facility or auxiliary facilities with any person,
partnership, association, corporation, entity or agency thereof desir-
ing to use all or any part of such [housing unit or housing units]
auxiliary facility or auxiliary facilities and to fix the terms, condi-
tions, 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]
designated as hereinafter provided as security for any bonds issued
pursuant to Sections 165A-165J, inclusive, of this subtitle 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] auxiliary facility in connection
with which such bonds have been issued to the extent such cost is not
otherwise provided or covenanted to be provided by the board of
tru