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MARVIN MANDEL, Governor
2165
IN ANY COURT;
(3) TO TRANSACT ITS BUSINESS, CARRY ON ITS
OPERATIONS AND EXERCISE THE POWERS PROVIDED IN THIS
SUBSECTION IN ANY STATE, TERRITORY, DISTRICT, OR
POSSESSION OF THE UNITED STATES AND IN ANY FOREIGN
COUNTRY;
(4) TO MAKE CONTRACTS AND GUARANTEES, INCUR
LIABILITIES AND BORROW MONEY, SELL, MORTGAGE, LEASE,
PLEDGE, EXCHANGE, CONVEY, TRANSFER, AND OTHERWISE DISPOSE
OF ANY PART OF ITS PROPERTY AND ASSETS;
(5) TO ISSUE BONDS, NOTES, AND OTHER
OBLIGATIONS AND SECURE THE SAME BY MORTGAGE OR DEED OF
TRUST OF ANY PART OF ITS PROPERTY, FRANCHISES, AND
INCOME;
(6) TO ACQUIRE BY PURCHASE OR IN ANY OTHER
MANNER, TO TAKE, RECEIVE, OWN, HOLD, USE, EMPLOY,
IMPROVE, AND OTHERWISE DEAL WITH ANY PROPERTY, PEAL OR
PERSONAL, OR ANY INTEREST THEREIN, WHEREVER LOCATED;
(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 OBLIGATION OF CORPORATIONS OF THE STATE,
OR FOREIGN CORPORATIONS, AND OF ASSOCIATIONS,
PARTNERSHIPS, AND INDIVIDUALS;
(8) TO INVEST ITS FUNDS AND TO LEND MONEY IN
ANY MANNER APPROPRIATE TO ENABLE IT TO CARRY ON THE
OPERATIONS OR TO FULFILL THE PURPOSES NAMED IN THE
DECLARATION OR BY-LAWS, AND TO TAKE AND TO HOLD REAL AND
PERSONAL PROPERTY AS SECURITY FOR THE PAYMENT OF FUNDS SO
INVESTED OR LOANED; AND
(9) GENERALLY, TO EXERCISE THE POWERS SET
FORTH IN THIS TITLE AND THE DECLARATION OR BY-LAWS AND TO
DO EVERY OTHER ACT NOT INCONSISTENT WITH LAW, WHICH MAY
BE APPROPRIATE TO PROMOTE AND ATTAIN THE PURPOSES SET
FORTH IN THIS TITLE, THE DECLARATION OR BY-LAWS.
(E) NO UNIT OWNER MAY HAVE ANY RIGHT, TITLE, OR
INTEREST IN ANY [[SPECIFIC}] PROPERTY OWNED BY THE
COUNCIL OF UNIT OWNERS OTHER THAN AS HOLDER OF A
PERCENTAGE INTEREST IN COMMON EXPENSES AND COMMON PROFITS
APPURTENANT TO HIS UNIT.
(F) A UNIT OWNER'S RIGHTS AS HOLDER OF A
PERCENTAGE INTEREST IN COMMON EXPENSES AND COMMON PROFITS
ARE SUCH THAT:
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