MARVIN MANDEL, Governor

1521

(8)     ACQUIRE BY PURCHASE OR IN ANY OTHER MANNER,
AND TAKE, RECEIVE, OWN, HOLD, USE, EMPLOY, IMPROVE, AND
OTHERWISE DEAL WITH ANY INTEREST IN PEAL OR PERSONAL
PROPERTY, WHEREVER LOCATED;

(9)    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 STOCK AND OTHER
INTERESTS IN AND OBLIGATIONS OF OTHER MARYLAND AND
FOREIGN CORPORATIONS, ASSOCIATIONS, PARTNERSHIPS, AND
INDIVIDUALS;

(10)  SUBJECT TO THE LIMITATIONS PROVIDED IN THIS
ARTICLE, ACQUIRE ANY OF ITS OWN STOCK, BONDS, NOTES,
AND OTHER OBLIGATIONS AND SECURITIES ;

(11)   INVEST ITS SURPLUS FUNDS, LEND MONEY FROM
TIME TO TIME IN ANY MANNER WHICH MAY BE APPROPRIATE TO
ENABLE IT TO CARRY ON THE OPERATIONS OR FULFILL THE
PURPOSES SPECIFIED IN ITS CHARTER, AND TAKE AND HOLD
REAL AND PERSONAL PROPERTY AS SECURITY FOR THE PAYMENT OF
FUNDS SO INVESTED OR LOANED;

(12)    BE A PROMOTER, PARTNER, MEMBER, ASSOCIATE,
OR MANAGER OF ANY PARTNERSHIP, JOINT VENTURE, TRUST, OR
OTHER ENTERPRISE;

(13)  IF AUTHORIZED BY ITS BOARD OF DIRECTORS, MAKE
REASONABLE GIFTS OR CONTRIBUTIONS OUT OF PROFITS TO OR
FOR THE USE OF:

(I)    THE STATE OR ANY INSTITUTION, AGENCY, OR
POLITICAL SUBDIVISION OF THE STATE; AND

(II)      ANY ORGANIZATION FOR RELIGIOUS,
CHARITABLE, SCIENTIFIC, CIVIC, LITERARY, OR EDUCATIONAL
PURPOSES;

(14)    ELECT ITS OFFICERS AND   APPOINT ITS AGENTS,
DEFINE THEIR DUTIES, DETERMINE THEIR     COMPENSATION, AND
ADOPT AND CARRY INTO EFFECT EMPLOYEE   AND OFFICER BENEFIT
PLANS;

(15)    ADOPT, ALTER, AND REPEAL BYLAWS NOT
INCONSISTENT WITH LAW OR ITS CHARTER FOR THE REGULATION
AND MANAGEMENT OF ITS AFFAIRS;

(16)  EXERCISE GENERALLY THE POWERS SET FORTH IN
ITS CHARTER AND THOSE GRANTED BY LAW; AND

(17) DO EVERY OTHER ACT NOT INCONSISTENT WITH LAW
WHICH IS APPROPRIATE TO PROMOTE AND ATTAIN THE PURPOSES
SET FORTH IN ITS CHARTER,