3192                                             LAWS OF MARYLAND                       [Ch. 717

AND LOAN INSURANCE CORPORATION, THE MARYLAND
SAVINGS-SHARE INSURANCE CORPORATION, OR A COMPARABLE
SAVINGS AND LOAN ASSOCIATION INSURANCE PROGRAM.

(iii) Interest—bearing bonds, notes,
certificates of indebtedness, bills, or other obligations
of the United States, any state, or the District of
Columbia, or of any commission, instrumentality, agency,
authority, or political subdivision [thereof] having
legal authority to issue the same.

(iv) Interest—bearing bonds, notes, or
other interest—bearing obligations of any corporation
created or existing under the laws of the United States,
any state, or the District of Columbia.

(v) Dividend—paying stocks or shares
having readily marketable values of any corporation
created or existing under the laws of the United States,
ANY STATE, OR THE DISTRICT OF COLUMBIA, but it may not
invest more than 10% of its total assets in these stocks,
nor more than 3% of its total assets in the stock of any
one corporation.

(vi) Direct loans to [member
associations] CREDIT UNIONS under the terms and
conditions established [therefor] by the board of
directors when approved by the [Bank Commissioner and is
necessary or desirable to prevent liquidation of the
member association] SUPERVISOR.

(VII)       CASH OR DEPOSITS IN SHARE AND
DEPOSIT ACCOUNTS, OR UNDER CERTIFICATES OF DEPOSIT, OF
NOTES IN CREDIT UNIONS WHICH ARE MEMBERS OF THIS
CORPORATION, THE NATIONAL CREDIT UNION ADMINISTRATION
SHARE INSURANCE PROGRAM, OR A COMPARABLE CREDIT UNION
INSURANCE PROGRAM.

(VIII)       INVESTMENTS AND COMMON TRUST
INVESTMENTS PERMITTED BY LAW OR AUTHORIZED BY THE
SUPERVISOR FOR CREDIT UNIONS CHARTERED UNDER THE LAWS OF
THIS STATE.

(7)    To exercise all other corporate powers
granted by general law to corporations in this State, not
inconsistent herewith and necessary or appropriate to the
purposes hereof.

(8)     TO ENTER INTO CONTRACTS AND AGREEMENTS
FOR REINSURANCE.

(9)     UPON THE WRITTEN DIRECTION OF THE
SUPERVISOR PURSUANT TO SECTION 141(B) OF ARTICLE 11 OF
THE CODE OF MARYLAND OR UPON THE REVOCATION OF A CREDIT