MARVIN MANDEL, Governor

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(4)     ACQUIRE, HOLD AND DISPOSE OF REAL AND
PERSONAL PROPERTY IN THE EXERCISE OF ITS POWERS AND THE
PERFORMANCE OF ITS DUTIES UNDER THIS SUBTITLE;

(5)      MAKE ALL CONTRACTS AND AGREEMENTS
NECESSARY OR INCIDENTAL TO THE PERFORMANCE OF ITS DUTIES
AND THE EXECUTION OF ITS POWERS UNDER THIS SUBTITLE, AND
TO EMPLOY CONSULTING ENGINEERS, ATTORNEYS, CONSTRUCTION
AND FINANCIAL EXPERTS AND OTHER EMPLOYEES AND AGENTS
NECESSARY, AND TO FIX THEIR COMPENSATION. ALL ACTS AND
AGREEMENTS SHALL BE PAID SOLELY FROM THE PROCEEDS OF
REVENUE BONDS ISSUED UNDER THE PROVISIONS OF THIS
SUBTITLE, OR FROM FUNDS OTHERWISE PROVIDED;

(6)     RECEIVE AND ACCEPT FROM THE UNITED
STATES OF AMERICA OR ANY AGENCY GRANTS FOR THE
CONSTRUCTION OF ANY HOUSING UNIT OR ANY PART, 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 GRANTS AND CONTRIBUTIONS MAY BE MADE; AND

(7)    DO ALL ACTS AND THINGS NECESSARY OR
CONVENIENT TO CARRY OUT THE POWERS EXPRESSLY GRANTED BY
THE PROVISIONS OF THIS SUBTITLE.

76.

(A)    THE BOARD OF MORGAN STATE UNIVERSITY, AS AN
AGENCY OF THE STATE, MAY PROVIDE, BY RESOLUTION, FOR THE
ISSUANCE, IN 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
HOUSING UNITS. THE PRINCIPAL AND INTEREST ON BONDS,
CERTIFICATES OR OTHER EVIDENCE OF INDEBTEDNESS IS PAYABLE
SOLELY FROM THE FUNDS PROVIDED FOR PAYMENT.

(B)    THE BOARD: (1) SHALL DETERMINE THE DATE,
INTEREST RATE, AND MATURITY OF THE BONDS OF EACH ISSUE.
BONDS MAY NOT MATURE IN MORE THAN 40 YEARS. (2) MAY
REDEEM THE BONDS OF EACH ISSUE BEFORE MATURITY AT THE
PRICE AND TERMS FIXED PRIOR TO ISSUANCE. (3) SHALL
DETERMINE THE FORM OF THE BONDS, INCLUDING ANY INTEREST
COUPONS TO BE ATTACHED, THE DENOMINATION OR DENOMINATIONS
OF THE BONDS AND THE PLACE OF PAYMENT OF PRINCIPAL AND
INTEREST AT ANY BANK OR TRUST COMPANY WITHIN OR WITHOUT
THE STATE.

(C)    THE BONDS SHALL BEAR THE MANUAL OR FACSIMILE
SIGNATURE OF THE CHAIRMAN OR ONE OF THE OTHER MEMBERS OF
THE BOARD AND THE OFFICIAL SEAL OF THE BOARD OR A
FACSIMILE ATTESTED BY THE MANUAL OR FACSIMILE SIGNATURE
OF THE SECRETARY OR AN ASSISTANT SECRETARY OF THE BOARD.
ONE OF THE SIGNATURES ON EACH BOND SHALL BE A MANUAL
SIGNATURE, AND ANY COUPON ATTACHED SHALL BEAR THE
FACSIMILE SIGNATURE OF THE CHAIRMAN OF THE FOARD. IN