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ROBERT L. EHRLICH, JR., Governor Ch. 582
(9) Sell, lease as lessor, transfer, and dispose of any property or interest
in it at any time acquired by it;
(10) Acquire, either directly or by or through any person or political
subdivision, by purchase or by gift or devise any lands, structures, property, whether
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 that it deems necessary or convenient for the construction,
improvement, rehabilitation, or operation of a project, upon any terms and at any
prices that it considers to be reasonable;
(11) Acquire real property or rights or easements in it by condemnation
for projects in accordance with all laws applicable to the condemnation of property for
public use; however, in exercising the power of eminent domain for any project, THE
CORPORATION'S CONDEMNATION POWERS MAY NOT EXCEED THE CONDEMNATION
POWERS OF THE COUNTY OR MUNICIPAL CORPORATION IN WHICH THE PROPERTY
TO BE TAKEN IS LOCATED AND the action shall be approved by resolution of the
legislative body of each political subdivision in which the property to be taken is
located by at least a 2/3 majority;
(12) Borrow money and issue bonds for the purpose of financing or
refinancing all or any part of the cost of any 1 or more projects or for any other
corporate purpose of the Corporation; secure the payment of such borrowing or any
part by pledge of or mortgage or deed of trust on all or any part of its properties or
revenues; combine projects for financing, make agreements with or for the benefit of
the purchasers or holders of bonds or with others in connection with the issuance of
any bonds, whether issued or to be issued, that the Corporation deems advisable; and
otherwise provide for the security of such bonds and the rights of the holders of them;
(13) Fix, revise from time to time, and collect rates, rentals, fees, and
charges for the use of or for services and facilities provided or made available by the
Corporation;
(14) Enter with the permission of the owner upon lands, waters, or
premises for the purpose of making surveys, soundings, borings, and examinations to
accomplish any purpose authorized by this subtitle;
(15) Make loans to a person or persons:
(i) For the purpose of financing or refinancing, in whole or in part,
the acquisition, construction, reconstruction, equipping, expansion, extension,
improvement, rehabilitation, or remodeling of a project; and
(ii) To refund outstanding bonds, mortgages, advances, loans, or
other obligations made or given by the person or persons for the purpose of financing
or refinancing, in whole or in part, the acquisition, construction, reconstruction,
equipping, expansion, extension, improvement, rehabilitation, or remodeling of a
project;
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