WILLIAM DONALD SCHAEFER, Governor                   Ch. 311

(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 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)  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.

[12-106.] 5-106.

(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 part of the costs of a project, and for all other lawful
corporate purposes of the Corporation set out in this subtitle.

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