BLAIR LEE III, Acting Governor

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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 §§ 27U—27AD,
inclusive, of this subtitle, or from funds otherwise
provided;

(g) To receive and accept from the United States of
America or any agency thereof grants for or in aid of the
construction of any housing unit 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;

(h) To use all or any part of the revenues from
existing housing units to pay all or a part of the cost of
one or more of said housing units; and

(i) To do all acts and things necessary or convenient
to carry out the powers expressly granted by the provisions
of §§ 27U-27AD, inclusive, of this subtitle.

27W. Same—Bonds, certificates or other evidence of
indebtedness,

(a) Generally. —The University of Maryland is hereby
authorized and empowered 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 of said housing units. 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 University of Maryland. The
bonds of each issue may be made redeemable before maturity
at the option of the University of Maryland at such price or
prices and under such terms and conditions as may be fixed
by the University of Maryland prior to the issuance of the
bonds. The University of Maryland 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 board of regents of said University and
the official seal of the University 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 regents, 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