HARRY HUGHES, Governor                                     2635

(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)  EXERCISE ANY POWER USUALLY POSSESSED BY PRIVATE
CORPORATIONS IN PERFORMING SIMILAR FUNCTIONS, WHICH IS NOT IN
CONFLICT WITH THE CONSTITUTION AND THE LAWS OF THIS STATE; AND

(16)  DO ALL THINGS NECESSARY AND CONVENIENT TO CARRY
OUT THE POWERS EXPRESSLY GRANTED BY THIS SUBTITLE.

556.

(A)  THE CORPORATION MAY PROVIDE BY RESOLUTION FOR THE
ISSUANCE AT 1 TIME, OR IN SERIES FROM TIME TO TIME, REVENUE BONDS
OF THE CORPORATION FOR THE PURPOSE OF FINANCING OR REFINANCING
ALL OR A THE A PART OF THE COSTS OF A THE A PROJECT, AND
FOR ALL OTHER LAWFUL CORPORATE PURPOSES OF THE CORPORATION SET
OUT IN THIS SUBTITLE.

(B)  THE BONDS SHALL BE DATED, SHALL BEAR INTEREST AT A RATE
OR RATES, AND SHALL MATURE AT SUCH TIME OR TIMES NOT EXCEEDING 40
YEARS FROM THE DATE OR DATES OF THEIR RESPECTIVE ISSUES, AS MAY
BE DETERMINED BY THE CORPORATION, AND MAY BE SOLD AT THE PRICE OR
PRICES AND UNDER THE TERMS AND CONDITIONS FIXED BY THE
CORPORATION BEFORE THE ISSUANCE OF THE BONDS. THE PRINCIPAL OF
AND THE INTEREST ON THE BONDS MAY BE MADE PAYABLE IN ANY LAWFUL
MEDIUM.

(C)  THE BONDS SHALL NOT BE DEEMED TO CONSTITUTE A DEBT,
LIABILITY, OR A PLEDGE OF THE FULL FAITH AND CREDIT OF THE STATE
OF MARYLAND OR OF ANY POLITICAL SUBDIVISION THEREOF OTHER THAN
THE CORPORATION, BUT SUCH BONDS SHALL BE PAYABLE SOLELY FROM THE
FUNDS HEREIN PROVIDED. ALL BONDS OF THE CORPORATION SHALL
CONTAIN ON THEIR FACE A STATEMENT TO THE EFFECT THAT NEITHER THE
STATE OF MARYLAND NOR ANY POLITICAL SUBDIVISION THEREOF OTHER
THAN THE CORPORATION SHALL BE OBLIGATED TO PAY THE SAME OR THE
INTEREST ON THEM EXCEPT FROM REVENUES PLEDGED TO THEM AND THAT
NEITHER THE FULL FAITH AND CREDIT NOR THE TAXING POWER OF THE
STATE OR ANY POLITICAL SUBDIVISION THEREOF IS PLEDGED TO THE
PAYMENT OF THE PRINCIPAL OF OR THE INTEREST ON THE BONDS. THE
ISSUANCE OF BONDS UNDER THIS SUBTITLE IS NOT DIRECTLY OR
INDIRECTLY OR CONTINGENTLY AN OBLIGATION, MORAL OR OTHER, OF THE
STATE OF MARYLAND OR ANY POLITICAL SUBDIVISION THEREOF TO LEVY OR
PLEDGE ANY FORM OF TAXATION WHATEVER THEREFOR OR TO MAKE ANY
APPROPRIATION FOR THEIR PAYMENT. NOTHING IN THIS SECTION SHALL
PREVENT THE CORPORATION FROM PLEDGING ITS FULL FAITH AND CREDIT
TO THE PAYMENT OF BONDS AUTHORIZED UNDER THIS SUBTITLE.
HOWEVER, THIS SECTION DOES NOT LIMIT THE ABILITY OF THE STATE OR
A SUBDIVISION TO SET, IMPOSE, OR COLLECT AN ASSESSMENT, RATE,
FEE, OR CHARGE TO PAY TO THE CORPORATION THE COST OF -A- THE A
PROJECT, INCLUDING THE PRINCIPAL OF AND INTEREST ON A BOND, UNDER
AN AGREEMENT BETWEEN THE CORPORATION AND THE STATE OR POLITICAL
SUBDIVISION.