BLAIR LEE III, Acting Governor                          593

(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 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;

(g)   To establish, or cause to be established, rules or
regulations for the use or operation of any auxiliary
facility; and

(h) To do all acts and things necessary or convenient
to carry out the powers expressly granted by the provisions
of §§ 12A-12J, inclusive, of this subtitle.

12C. Same—-Bonds, certificates or other evidence of
indebtedness.

(a) Generally. —The board of trustees of the State
colleges is hereby authorized 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 auxiliary facilities. The principal and
interest on such bonds, certificates or other evidence 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 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 affixed 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 or such facsimile
shall nevertheless be valid and sufficient for all purposes
the same as if he had remained in office until such
delivery. All bonds issued under the provisions of §§