598

LAWS OF MARYLAND

Ch. 22

of such sinking fund shall be subject to the provisions of
the resolutions authorizing the issuance of such bonds or of
such trust agreement.

Notwithstanding any of the foregoing provisions of this
section, the board of trustees may, by resolution passed
prior to the issuance of revenue bonds under the provisions
of §§ 12A—12J, inclusive, of this subtitle or in the trust
agreements securing such bonds, covenant to pay all or any
part of the cost of maintaining, equipping, repairing and
operating any auxiliary facility or auxiliary facilities,
and inasmuch as each such auxiliary facility shall at all
times belong to the State, such covenant shall have the
force of contract between the State of Maryland acting by
the board of trustees and the holders of the revenue bonds
or revenue refunding bonds issued on account of such project
or projects.

Without in any way limiting or restricting the effect
or application thereof, the provisions of §§ 12A—12J,
inclusive, of this subtitle are intended and shall be
construed to authorize the board of trustees of the State
colleges to finance any auxiliary facility or any
combination of auxiliary facilities (including, in all
cases, combinations of auxiliary facilities at two or more
of the public colleges under its direction and control) by
any combination of issue or series of bonds which shall be
secured by the pledge of the net or gross (or combination
thereof) fees, rents, charges or other revenues (from any
auxiliary facility or combination of auxiliary facilities)
designated by the resolution or resolutions authorizing the
issuance of such bonds or by the trust agreement or
agreements securing such bonds.

12F. Same—Moneys deemed to be trust funds; protection of
rights and enforcement of duties.

(a)    All moneys received by said board of trustees as
proceeds from the sale of bonds authorized by the provisions
of §§ 12A-12J, inclusive, of this subtitle and all moneys
received by said board of trustees by way of those fees,
rents, charges or other revenues, or portion thereof, from
an auxiliary facility which are designated by such
resolution or such trust agreement as security for such
bonds shall be deemed to be trust funds to be held and
applied solely as provided by the provisions of §§ 12A—12J,
inclusive, of this subtitle.

(b)   Any holder of bonds issued under the provisions of
§§ 12A-12J, inclusive, of this subtitle, or any of the
coupons appertaining thereto, and the trustee under any
trust agreement, except to the extent the rights herein
given may be restricted by such trust agreement or by the
resolution authorizing the issuance of such bonds, may,
either at law or in equity, by suit, action, mandamus or
other proceedings, protect and enforce any and all rights
under the laws of the State or granted hereunder, or under
such trust agreement or such resolution, and may enforce and