910 LAWS OF MARYLAND. [CH. 416

gency Relief Administrator, or his successor, or other Fed-
eral departments or agencies, and funds received by it from
any other sources, and to receive loans, grants and finan-
cial assistance from the Federal Emergency Relief Admin-
istrator or his successor and from other sources and gov-
ernmental agencies, both State and Federal, permitted or
authorized by the laws of the United States or the State of
Maryland to make such grants or loans and to render finan-
cial assistance and other aid; and to execute such contracts
or agreements relative to the receiving, expenditure or dis-
bursement of any such grants or loans. as may be requisite
or necessary;

(c) To acquire, own and dispose of property whether
real, personal or mixed, with full authority to deal in any
class of property in any manner desired; to borrow money
and to make loans and give financial assistance and other
aid; to use appropriate agencies including subsidiary cor-
porations and to assist and cooperate with welfare organi-
zations and local communities in carrying on rehabilita-
tion activities; to engage in any kind of charitable, educa-
tional, relief and health activities; to exercise all powers
and rights conferred upon corporations incorporated un-
der the general laws of this State, not inconsistent with
the public purposes of this Act; to enter into, make and
perform any contracts and do any act or thing deemed to
be necessary or proper to carry put the rehabilitation pur-
poses for which the Corporation is established and to facili-
tate the securing of financial aid and cooperation from the
United States Government, departments and agencies
thereof in carrying out said rehabilitation purposes, with
full power to carry out such purposes the same as natural
persons might or could do.

9D. The corporation shall have authority to issue seven
shares of stock all of which shall be without nominal or
par value, each share carrying with it the power of one
vote. Each of the incorporators and members of the origi-
nal Board of Directors is hereby made a Stockholder and
shall have issued to him a certificate evidencing one share
of stock in the corporation and entitling him to one vote
as the holder thereof, but not entitling him to any dividends
or profits from the corporation. Each and every member
and successive member of the Board of Directors by ac-
ceptance of a share of stock agrees that he will not trans-
fer the share of stock, or certificate thereof or interest
therein except as permitted by a majority vote of the
Board of Directors and that when he ceases for any reason