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Session Laws, 1976
Volume 734, Page 1839   View pdf image
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MARVIN MANDEL,

Governor

1839

authority and powers of the Secretary of Economic and
Community Development [as] set forth [in Article 41 of
this Code or elsewhere] in the laws of Maryland, THE
AUTHORITY MAY:

(1)     Adopt bylaws for the regulation of its
affairs and the conduct of its business;

(2)    Adopt an official seal and alter the
same at pleasure;

(3)    Maintain an office at [such place or]
places within the State as it may designate;

(4)    Sue and be sued in its own name and
plead and be impleaded; service of process in any action
shall be made by service upon the manager of the
Authority either in hand or by leaving a copy of the
process at the office of the manager with some person
having charge thereof;

(5)    Employ [such] THE assistants, agents,
and other employees as may be necessary or desirable for
its purposes, all of whom shall be in the classified
service of the State; to contract for and engage
consultants; and to utilize the services of other
governmental agencies;

(6)    Accept from a federal agency loans or
grants for use in carrying out its purpose, and enter
into agreement with [such] THE agency respecting any
loans or grants;

(7)    Request for its guidance a finding of
the planning board of the municipality or county[,] or,
if there is no planning board, [a finding] of the
municipal or county officers of the municipality or
county in which the industrial project is proposed to be
located[,] or of the regional planning board of which
such municipality or county is a member, as to the
expediency and advisability of such project;

(8)    Enter into agreements with prospective
mortgagees and mortgagors, for the purpose of planning,
designing, constructing, acquiring, altering, and
financing industrial projects;

(9)    Acquire, purchase, manage and operate,
and hold and dispose of real and personal property, take
assignments of rentals and leases, and make and enter
into all contracts, leases, agreements, and arrangements
necessary or incidental to the performance of its duties;

(10)   Purchase, acquire, or take assignments
of notes, mortgages, and other forms of security and
evidences of indebtedness; purchase, acquire, attach,
seize, accept, or take title to any industrial project by
conveyance or, when an insured or partially insured

 

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Session Laws, 1976
Volume 734, Page 1839   View pdf image
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