1968                                       LAWS OF MARYLAND                                 Ch. 636

the financing [and], REFINANCING, construction or
acquisition of a project or shall undertake the refunding or
refinancing of bonds [or of a mortgage or of], MORTGAGES,
advances, LOANS, OR OTHER OBLIGATIONS as provided in and
permitted by this article.

4.

(d)    Executive director; general counsel; OTHER
OFFICERS. - The Authority shall appoint, subject to the
approval of the Governor, an executive director. The
Authority may also appoint, subject to the approval of the
Governor, a general counsel, either on a full-time or a
part-time basis as the Authority may determine. THE
AUTHORITY MAY CREATE ADDITIONAL OFFICES, APPOINT ADDITIONAL
OFFICERS, AND PRESCRIBE THE DUTIES AND RESPONSIBILITIES OF
ALL OFFICERS. Neither the executive director nor the
general counsel shall be members of the Authority. [Both
the] THE executive director, [and] the general counsel AND
ANY ADDITIONAL OFFICER OR OFFICERS APPOINTED BY THE
AUTHORITY shall serve at the pleasure of the Authority, and
shall receive such compensation as determined by the
Authority.

(e)    The executive director shall keep a record of the
proceedings of the Authority and shall be custodian of all
books, documents and papers filed with the Authority and of
the minute book or journal of the Authority and of its
official seal. He, AND ANY OTHER OFFICER SO AUTHORIZED BY
THE AUTHORITY, may cause copies to be made of all minutes
and other records and documents of the Authority and may
give certificates under the official seal of the Authority
to the effect that such copies are true copies, and all
persons dealing with the Authority may rely upon such
certificates. The records and documents of the Authority
shall be considered public records subject to reasonable
inspection- The executive director shall, subject to the
supervision and direction of the Authority, be the chief
administrative officer of the Authority.

(G) DUTIES OF MEMBERS AND OFFICERS. - THE AUTHORITY
MAY AUTHORIZE ANY MEMBER OR OFFICER OF THE AUTHORITY TO
PERFORM ANY ACT NECESSARY OR CONVENIENT TO CARRY OUT THE
POWERS GRANTED BY THIS ARTICLE TO THE AUTHORITY OR ANY OF
ITS OFFICERS, INCLUDING WITHOUT LIMITATION THE EXECUTION OF
ANY BONDS, OBLIGATIONS, EVIDENCES OF INDEBTEDNESS,
CERTIFICATES, DEEDS, LEASES, MORTGAGES, AGREEMENTS, OR OTHER
DOCUMENTS OR INSTRUMENTS.

[ (h) ] (I) Each member of the Authority, the executive
director, ALL OTHER OFFICERS, and the employees of the
Authority, shall, upon entering the performance of their
duties, be covered by a surety bond in accordance with the
provisions of §§ 46 through 50 of Article 78A of this Code.

5.

(a) The purpose of the Authority shall be to assist