The state board of regents is authorized to: 1. Erect from time to time at any of the institutions under itscontrol such dormitories as may be required for the good of the institutions. 2. Rent the rooms in such dormitories to the students, officers, guests, and employees of said institutions at such rates as will insure a reasonable return upon the investment. 3. Exercise fullcontrol and complete management over such dormitories.
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