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LACHER v. BOARD OF TRUSTEES

[No. 106, September Term, 1966 (Adv.).]

243 Md. 500 (1966)

221 A.2d 625

LACHER, ET UX. v. BOARD OF TRUSTEES OF THE STATE COLLEGES

Court of Appeals of Maryland.

Decided July 20, 1966.

Attorney(s) appearing for the Case

M. Peter Moser, with whom was Berryl A. Speert on the brief, for appellants.

Alan M. Wilner, Assistant Attorney General, with whom were Thomas B. Finan, Attorney General, and Morton A. Sacks, Assistant Attorney General, on the brief, for appellees.

The cause was argued before HAMMOND, HORNEY, OPPENHEIMER and McWILLIAMS, JJ., and EVANS, J., Associate Judge of the Fifth Judicial Circuit, specially assigned.

HAMMOND, J., delivered the opinion of the Court.

This case involves the validity of a proposal by the Board of Trustees of the State Colleges to pledge certain revenues (student fees) from existing buildings at two of the State Colleges for the payment of the interest and principal of revenue bonds to be sold to raise money to build new dormitories at those two colleges.1

The State traditionally...

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