(II) APPROVE ALL ACCOUNTS FOR SALARIES, PER DIEM PAYMENTS,
AND ALLOWABLE EXPENSES OF THE CORPORATION OR OF ANY OF ITS EMPLOYEES
OR CONSULTANTS, AND ANY EXPENSES INCIDENTAL TO THE OPERATION OF THE
CORPORATION; AND 

(III) PERFORM ANY OTHER DUTIES THAT MAY BE DIRECTED BY THE
BOARD OF DIRECTORS IN CARRYING OUT THE PURPOSES OF THIS SUBTITLE.

(C) (1) THE BOARD OF DIRECTORS SHALL APPROVE ANY ADDITIONAL
PROFESSIONAL AND CLERICAL STAFF THAT IS NECESSARY TO CARRY OUT THE
PURPOSES OF THIS SUBTITLE.

(2) THE OFFICERS OR EMPLOYEES OF THE CORPORATION ARE NOT
SUBJECT TO: 

(I) DIVISION II OF THE STATE PERSONNEL AND PENSIONS

ARTICLE; OR

(II) DIVISION I OF THE STATE PERSONNEL AND PENSIONS ARTICLE
THAT GOVERN THE STATE PERSONNEL MANAGEMENT SYSTEM.

(D) THE BOARD OF DIRECTORS MAY ENGAGE ANY NECESSARY ACCOUNTANTS,
ENGINEERS, LAWYERS, FINANCIAL ADVISORS, OR OTHER CONSULTANTS.

5-1305. 5-1304.

THE CORPORATION MAY:

(1) ADOPT BYLAWS FOR THE REGULATION OF ITS AFFAIRS AND THE
CONDUCT OF ITS BUSINESS;

(2) ADOPT AN OFFICIAL SEAL AND ALTER IT AT ITS PLEASURE;

(3) MAINTAIN OFFICES THAT IT DESIGNATES AT THE BAINBRIDGE
NAVAL TRAINING CENTER;

(4) APPLY FOR AND ACCEPT ANY LOANS, GRANTS, OR ASSISTANCE OF
ANY TYPE FROM THE FEDERAL, STATE, OR LOCAL GOVERNMENTS, OR ANY PRIVATE
SOURCES;

(5) MAKE, EXECUTE, AND ENTER INTO ANY CONTRACTS OR OTHER
LEGAL INSTRUMENTS;

(6) SUE AND BE SUED IN ITS OWN NAME;

(7) ACQUIRE, CONSTRUCT, DEVELOP. MANAGE, MARKET,
RECONSTRUCT, REHABILITATE, IMPROVE, MAINTAIN, EQUIP, LEASE AS LESSOR OR
AS LESSEE, REPAIR, AND OPERATE ANY PROJECT AT THE BAINBRIDGE NAVAL
TRAINING CENTER;

(8) ACQUIRE, PURCHASE, HOLD, LEASE AS LESSEE, AND USE ANY
FRANCHISE, PATENT, OR LICENSE AND ANY PROPERTY WHETHER REAL, PERSONAL,