S.B. 810

VETOES

(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.

[5-106.] 5-206.

(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.                                                 

(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 project, including the principal of and interest on a bond, under
ah agreement between the Corporation and the State or political subdivision.

(d)     The Corporation shall determine the form of the bonds, the manner of
executing the bonds, the denomination or denominations of the bonds, and the place or
places of payment of principal and interest which may be a bank or trust company within
or outside of the State.

- 3898 -