3186

LAWS OF MARYLAND

Ch. 871

(H) TO ACQUIRE, PURCHASE, HOLD, LEASE AS LESSEE, AND
USE ANY FRANCHISE, PATENT OR LICENSE AND ANY PROPERTY (REAL,
PERSONAL OR MIXED OR TANGIBLE OR INTANGIBLE), OR ANY
INTEREST THEREIN, NECESSARY OR CONVENIENT FOR CARRYING OUT
THE PURPOSES OF THE AUTHORITY;

(I) TO SELL, LEASE AS LESSOR, TRANSFER, AND DISPOSE OF
ANY PROPERTY OR INTEREST THEREIN AT ANY TIME ACQUIRED BY IT;

(J) TO ACQUIRE, EITHER DIRECTLY OR BY OR THROUGH ANY
PERSON OR POLITICAL SUBDIVISION, BY PURCHASE OR BY GIFT OR
DEVISE SUCH LANDS, STRUCTURES, PROPERTY (REAL OR PERSONAL)
RIGHTS, RIGHTS-OF-WAY, FRANCHISES, EASEMENTS AND OTHER
INTERESTS IN LANDS, INCLUDING LANDS LYING UNDER WATER AND
RIPARIAN RIGHTS WHICH ARE LOCATED WITHIN OR WITHOUT THE
STATE AS IT MAY DEEM NECESSARY OR CONVENIENT FOR THE
CONSTRUCTION OR OPERATION OF A PROJECT, UPON SUCH TERMS AND
AT SUCH PRICES AS MAY BE CONSIDERED BY IT TO BE REASONABLE
AND CAN BE AGREED UPON BY IT AND THE OWNER THEREOF, AND TO
TAKE TITLE THERETO IN THE NAME OF THE AUTHORITY;

(K) TO BORROW MONEY AND TO ISSUE BONDS FOR THE PURPOSE
OF PAYING ALL OR ANY PART OF THE COST OF ANY ONE OR MORE
PROJECTS OR FOR ANY OTHER CORPORATE PURPOSE OF THE
AUTHORITY; TO SECURE THE PAYMENT OF SUCH BORROWING OR ANY
PART THEREOF BY PLEDGE OF OR MORTGAGE OR DEED OF TRUST ON
ALL OR ANY PART OF ITS PROPERTIES OR REVENUES; TO COMBINE
PROJECTS FOR FINANCING ©F OR OPERATING PURPOSES; TO MAKE
AGREEMENTS WITH OR FOR THE BENEFIT OF THE PURCHASERS OR
HOLDERS OF BONDS OR WITH OTHERS IN CONNECTION WITH THE
ISSUANCE OF ANY SUCH BONDS, WHETHER ISSUED OR TO BE ISSUED,
AS THE AUTHORITY MAY DEEM ADVISABLE; AND IN GENERAL TO
PROVIDE FOR THE SECURITY OF SUCH BONDS AND THE RIGHTS OF THE
HOLDERS THEREOF;

(L) TO TAKE AND HOLD TITLE TO ANY PROJECT WHICH MAY BE
TRANSFERRED TO THE AUTHORITY, AND TO ASSUME JURISDICTION
OVER AND PROVIDE FOR THE MAINTENANCE AND OPERATION OF SAID
PROJECT, ALL ON SUCH TERMS AS MAY BE MUTUALLY AGREED UPON
BETWEEN THE AUTHORITY AND THE TRANSFEROR. THE AUTHORITY MAY
CONTRACT WITH ANY SUBDIVISION TO ASSUME THE PAYMENT OF THE
PRINCIPAL OF AND INTEREST ON OBLIGATIONS OR INDEBTEDNESS OF
SUCH SUBDIVISION INCURRED IN CONNECTION WITH ANY PROJECT AND
MAY UNDERTAKE TO OPERATE ANY PROJECT IN SUCH A MANNER AS TO
PROVIDE FOR THE PAYMENT OF ALL OUTSTANDING OBLIGATIONS OR
INDEBTEDNESS APPLICABLE TO SUCH PROJECT AND THE INTEREST
THEREON AND TO TRANSFER TO THE APPROPRIATE SUBDIVISION AN
AMOUNT EQUAL TO THE DEBT SERVICE PAYMENTS PRIOR TO THE
APPLICABLE PAYMENT DATE;

(M) TO FIX AND REVISE FROM TIME TO TIME AND TO COLLECT
RATES, RENTALS, FEES, AND CHARGES FOR THE USE OF OR FOR
SERVICES AND FACILITIES PROVIDED OR MADE AVAILABLE BY THE
AUTHORITY;