2634

LAWS OF MARYLAND

Ch. 498

(5)  MAKE, EXECUTE, AND ENTER INTO ANY CONTRACTS OR
OTHER LEGAL INSTRUMENTS;

(6)  SUE AND BE SUED IN ITS OWN NAME;

(7)  ACQUIRE, CONSTRUCT, DEVELOP, MANAGE, MARKET,
RECONSTRUCT, REHABILITATE, IMPROVE, MAINTAIN, EQUIP, LEASE, AS
LESSOR OR AS LESSEE, REPAIR, AND OPERATE ANY THE ANY PROJECT
WITHIN THE STATE OF MARYLAND;

(8)  ACQUIRE, PURCHASE, HOLD, LEASE AS LESSEE, AND USE
ANY FRANCHISE, PATENT, OR LICENSE AND ANY PROPERTY WHETHER REAL,
PERSONAL, MIXED, OR TANGIBLE OR INTANGIBLE, OR ANY INTEREST IN
SUCH PROPERTY, NECESSARY OR CONVENIENT FOR CARRYING OUT THE
PURPOSES OF THE CORPORATION;

(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 THE 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 AND 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 THE
ANY PROJECT, THE ACTION SHALL BE APPROVED BY RESOLUTION OF THE
LEGISLATIVE BODY OF THE 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 THE PROJECT 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; 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;