PARRIS N. GLENDENING, Governor

Ch. 535

OR DESIRABLE FOR CARRYING OUT THE PURPOSES OF THE REVENUE AUTHORITY,
AND TO LEASE AS LESSEE ANY PROPERTY, REAL, PERSONAL, OR MIXED, OR ANY
INTEREST THEREIN, FOR A TERM NOT EXCEEDING 99 YEARS AT A NOMINAL RENTAL
OR SUCH ANNUAL RENTAL AS MAY BE DETERMINED; TO LEASE AS LESSOR TO THE
STATE OR THE COUNTY, OR TO ANY POLITICAL SUBDIVISION THEREOF, OR TO ANY
PERSON ANY PROJECT AT ANY TIME CONSTRUCTED BY THE REVENUE AUTHORITY,
WHETHER WHOLLY OR PARTIALLY COMPLETED, AND ANY PROPERTY, REAL,
PERSONAL, OR MIXED, TANGIBLE OR INTANGIBLE, OR ANY INTEREST THEREIN, AT
ANY TIME ACQUIRED BY THE REVENUE AUTHORITY, WHETHER WHOLLY OR
PARTIALLY COMPLETED; AND TO SELL, TRANSFER, AND CONVEY TO THE COUNTY
ANY PROJECT AT ANY TIME CONSTRUCTED BY THE REVENUE AUTHORITY, AND
ANY PROPERTY, REAL, PERSONAL, OR MIXED, TANGIBLE OR INTANGIBLE, OR ANY
INTEREST THEREIN, AT ANY TIME ACQUIRED BY THE REVENUE AUTHORITY;

(5)     TO ACQUIRE BY PURCHASE LEASE, OR OTHERWISE AND TO
CONSTRUCT, IMPROVE, EQUIP, FURNISH, MAINTAIN, REPAIR, AND OPERATE
PROJECTS;

(6)     TO APPOINT OFFICERS, ATTORNEYS, ACCOUNTANTS, AGENTS,
EMPLOYEES, AND SERVANTS; TO PRESCRIBE THEIR DUTIES AND FIX THEIR
COMPENSATION;

(7)     TO MAKE BYLAWS FOR THE MANAGEMENT AND REGULATION OF
ITS AFFAIRS;

(8)     TO FIX, CHARGE AND COLLECT TOLLS, RATES, RENTALS, AND
OTHER CHARGES FOR THE USE OF THE FACILITIES OF, OR FOR THE SERVICES
RENDERED BY, THE REVENUE AUTHORITY OR' PROJECTS THEREOF, AT
REASONABLE RATES, TO BE DETERMINED BY IT, FOR THE PURPOSE OF PROVIDING
FOR THE PAYMENT OF THE EXPENSES OF THE REVENUE AUTHORITY, THE
CONSTRUCTION, IMPROVEMENT, REPAIR, EQUIPPING, FURNISHING, MAINTENANCE,
AND OPERATION OF ITS FACILITIES AND PROJECTS, THE PAYMENT OF THE
PRINCIPAL OF AND INTEREST ON ITS BONDS AND OBLIGATIONS, AND TO FULFILL
THE TERMS AND PROVISIONS OF ANY AGREEMENTS MADE WITH THE PURCHASERS
OR HOLDERS OF ANY SUCH BONDS AND OBLIGATIONS;

(9)     TO BORROW MONEY AND ISSUE NEGOTIABLE REVENUE BONDS,
CERTIFICATES, OR OTHER EVIDENCES OF INDEBTEDNESS OR OBLIGATIONS AND TO
SECURE THE PAYMENT OF SUCH BONDS, OR ANY PART THEREOF, BY PLEDGE OR
INDENTURE OF TRUST OF ALL OR ANY PART OF ITS REVENUES, RENTALS AND
RECEIPTS, ALL AS MAY BE PROVIDED IN THE RESOLUTION AUTHORIZING THE
ISSUANCE OF SUCH BONDS, WHICH RESOLUTION SHALL BE TAKEN AS PART OF THE
CONTRACT WITH THE HOLDERS OF SUCH BONDS, AND TO MAKE SUCH AGREEMENTS
WITH THE PURCHASERS OR HOLDERS OF SUCH BONDS OR WITH OTHERS IN
CONNECTION WITH ANY SUCH BONDS WHETHER ISSUED OR TO BE ISSUED, AS THE
REVENUE AUTHORITY SHALL DEEM ADVISABLE, AND IN GENERAL TO PROVIDE
FOR THE SECURITY FOR THE BONDS AND THE RIGHTS OF THE HOLDERS THEREOF;

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