HARRY HUGHES, Governor

665

(5)   CONTRACT FOR AND ENGAGE THE SERVICES OF
CONSULTANTS;

(6)   USE THE SERVICES OF OTHER GOVERNMENTAL
AGENCIES;

(7)   CONTRACT FOR AND ACCEPT, FOR USE IN CARRYING
OUT THE PROVISIONS OF THIS SUBTITLE, LOANS AND GRANTS FROM
THE FEDERAL GOVERNMENT AND ANY OF ITS AGENCIES AND
INSTRUMENTALITIES;

(8)   FOR ITS GUIDANCE, REQUEST A FINDING AS TO
THE EXPEDIENCY AND ADVISABILITY OF A PROPOSED INDUSTRIAL
PROJECT FROM:

(I)   THE PLANNING BOARD OF THE POLITICAL
SUBDIVISION IN WHICH THE PROJECT IS PROPOSED TO BE LOCATED;
OR

(II)   IF THE POLITICAL SUBDIVISION DOES NOT
HAVE A PLANNING BOARD, THE OFFICERS OF THE POLITICAL
SUBDIVISION OR THE REGIONAL PLANNING BOARD OF WHICH THE
POLITICAL SUBDIVISION IS A MEMBER;

(9)   MAKE AGREEMENTS WITH PROSPECTIVE MORTGAGEES
AND MORTGAGORS FOR PLANNING, DESIGNING, CONSTRUCTING,
ACQUIRING, ALTERING, AND FINANCING INDUSTRIAL PROJECTS;

(10)   ACQUIRE, MANAGE, OPERATE, AND DISPOSE OF
PROPERTY, TAKE ASSIGNMENTS OF RENTALS AND LEASES, AND HAKE
CONTRACTS, LEASES, AGREEMENTS, AND ARRANGEMENTS THAT ARE
NECESSARY OR INCIDENTAL TO THE PERFORMANCE OF ITS DUTIES;

(11)   ACQUIRE OR TAKE ASSIGNMENTS OF NOTES,
MORTGAGES, AND OTHER FORMS OF SECURITY AND EVIDENCES OF
INDEBTEDNESS;

(12)   ACQUIRE, ATTACH, SEIZE, ACCEPT, OR TAKE
TITLE TO ANY INDUSTRIAL PROJECT BY CONVEYANCE OR, IF AN
INSURED MORTGAGE ON THE PROJECT IS IN DEFAULT, BY
FORECLOSURE;

(13)   SELL, LEASE, OR RENT AN INDUSTRIAL PROJECT
FOR ANY USE;

(14)   AGREE TO PAY ANNUAL SUMS IN LIEU OF TAXES
OR ASSESSMENTS TO ANY POLITICAL SUBDIVISION OR TAXING
DISTRICT OF THIS STATE FOR ANY REAL PROPERTY THAT THE
AUTHORITY OWNS IN THE POLITICAL SUBDIVISION OR TAXING
DISTRICT; AND

(15)   DO ANYTHING NECESSARY OR CONVENIENT TO
CARRY OUT ITS POWERS.

REVISOR'S NOTE: This section is new language derived
without substantive change from Art. 41, §