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Session Laws, 1978
Volume 736, Page 611   View pdf image
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BLAIR LEE III, Acting Governor                              611

supply store and post—office boxes and facilities in
Baltimore;

(b)   To issue revenue bonds of the University for the
purpose of paying all or any part of the cost of any one or
more of said projects;

(c)   To fix and revise from time to time, fees and
other charges to students, to fix charges for any other
group or individuals making use of the above—proposed
buildings;

(d)    To acquire, hold and dispose of real and personal
property in the exercise of its powers and the performance
of its duties under this subtitle;

(e)     To make and enter into 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 such other employees and agents as
may be necessary in the opinion of its board of regents and
to fix their compensation; provided that all such acts and
agreements shall be payable solely from the proceeds of
revenue bonds issued under the provisions of this subtitle
or from revenues 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 the project authorized to be constructed in
Baltimore, or any part thereof, and to receive and accept in
connection therewith 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 purpose for which
such grants and contributions may be made; and

(g)    To do all acts and things necessary or convenient
to carry out the powers expressly granted in this subtitle.

REVISOR'S NOTE: Former Art. 77A, §§ 18 and 19 are not
transferred to the Session Laws.

They authorized the University of Maryland to
maintain certain branches and to sell certain
agricultural property. They did not relate to
and were not part of this bond statute.

20- Bonds—Issuance and general consideration.

(a) In general. —-The University of Maryland is
hereby authorized to provide, by resolution, from time to
time, 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 one or
more projects- 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

 

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Session Laws, 1978
Volume 736, Page 611   View pdf image
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