PARRIS N. GLENDENING, Governor

Ch. 610

(6)     To make contracts and guarantees, incur liabilities and borrow money,
sell, mortgage, lease, pledge, exchange, convey, transfer, and otherwise dispose of any
part of its property and assets;

(7)     To issue bonds, notes, and other obligations and secure the same by
mortgage or deed of trust of any part of its property, franchises, and income;

(8)     To acquire by purchase or in any other manner, to take, receive, own,
hold, use, employ, improve, and otherwise deal with any property, real or personal, or any
interest therein, wherever located;

(9)     To hire and terminate managing agents and other employees, agents,
and independent contractors;

(10)   To purchase, take, receive, subscribe for or otherwise acquire, own,
hold, vote, use, employ, sell, mortgage, loan, pledge or otherwise dispose of, and
otherwise use and deal in and with, shares or other interests in, or obligation of
corporations of the State, or foreign corporations, and of associations, partnerships, and
individuals;

(11)   To invest its funds and to lend money in any manner appropriate to
enable it to carry on the operations or to fulfill the purposes named in the declaration or
bylaws, and to take and to hold real and personal property as security for the payment of
funds so invested or loaned;

(12)   To regulate the use, maintenance, repair, replacement, and modification
of common elements;

(13)   To cause additional improvements to be made as a part of the general

common elements;

(14) To grant easements, rights-of-way, licenses, leases in excess of 1 year, or
similar interests through or over the common elements in accordance with § 11-125(f) of

this title;

(15)   To impose and receive any payments, fees, or charges for the use, rental,
or operation of the common elements other than limited common elements;

(16)   To impose charges for late payment of assessments and, after notice and
an opportunity to be heard, levy reasonable fines for violations of the declaration, bylaws,
and rules and regulations of the council of unit owners, under § 11-113 of this title;

(17)   To impose reasonable charges for the preparation and recordation of
amendments to the declaration, bylaws, rules, regulations, or resolutions, resale
certificates, or statements of unpaid assessments;

(18)   To provide for the indemnification of and maintain liability insurance
for officers, directors, and any managing agent or other employee charged with the
operation or maintenance of the condominium;

(19)   To enforce the implied warranties made to the council of unit owners by
the developer under § 11-131 of this title;

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