1618                                          LAWS OF MARYLAND                        [Ch. 401

(5)     To make contracts and guarantees, incur
liabilities, and borrow money; to sell, mortgage, lease,
pledge, exchange, convey, transfer, and otherwise dispose
of all or any part of its property and assets; to issue
bonds, notes and other obligations and secure the same by
mortgage or dead of trust of all or any part of its
property, franchises and income.

(6)    To acquire by purchase or in any other manner,
and to take, receive, own, hold, use, employ, improve and
otherwise deal with any property, real or personal, or
any interest therein, wherever situated.

(7)    To purchase, take, receive, subscribe for, or
otherwise acquire, own, hold, vote, use, employ, sell,
mortgage, loan, pledge, or otherwise dispose of, and
otherwise use and deal in and with, shares or other
interests in, or obligations of, other corporations of
this State, of foreign corporations, and of associations,
partnerships, and individuals.

(8)   To acquire shares of its own stock, and its own
bonds, notes and other obligations, subject to the
limitations provided in this article,

(9)    To invest its surplus funds and to lend money
from time to time in any manner which may be appropriate
to enable it to carry on the operations or to fulfill the
purposes named in its charter, and to take and hold real
and personal property as security for the payment of
funds so invested or loaned.

(10)    To make reasonable gifts or contributions out
of profits, when authorized by its board of directors so
to do, to or for the use of (i) this State, its
institutions and agencies, or any political subdivision
of this State, and (ii) any corporation, trust, community
chest or fund, foundation, society or other organization
for religious, charitable, scientific, civic, literary or
educational purposes.

(11)   To elect officers and appoint agents of the
corporation, and to define their duties and determine
their compensation, and to adopt and carry into effect
employee and officer benefit plans.

(12)   To make and alter bylaws not inconsistent with
law or with its charter for regulating the government of
the corporation and for the administration of its

affairs.

(13)    Generally to exercise the powers set forth in
its charter and those granted by law and to do every
other act or thing not inconsistent with law, which may