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Session Laws, 1999
Volume 796, Page 3033   View pdf image
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MIXED, OR TANGIBLE OR INTANGIBLE, OR ANY INTEREST IN SUCH PROPERTY,
NECESSARY OR CONVENIENT FOR CARRYING OUT THE PURPOSES OF THE
CORPORATION;

(9) SELL, LEASE AS LESSOR, TRANSFER, AND DISPOSE OF ANY PROPERTY
OR INTEREST IN THE CORPORATION AT ANY TIME ACQUIRED BY THE CORPORATION;

(10) ACQUIRE, EITHER DIRECTLY OR BY OR THROUGH ANY AGREEMENT
WITH THE U.S. NAVY, BY PURCHASE OR BY GIFT OR DEVISE, ANY LANDS,
STRUCTURES, REAL OR PERSONAL PROPERTY, 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, WHICH IT DEEMS NECESSARY OR CONVENIENT FOR THE
CONSTRUCTION, IMPROVEMENT, REHABILITATION, OR OPERATION OF A PROJECT,
AND ON ANY TERMS AND AT ANY PRICES THAT IT CONSIDERS TO BE REASONABLE;

(11) BORROW MONEY TO FINANCE OR REFINANCE ALL OR ANY PART OF
THE COST OF ANY ONE OR MORE PROJECTS OR FOR ANY OTHER CORPORATE
PURPOSE OF THE CORPORATION AND 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;

(12) COMBINE PROJECTS FOR FINANCING;

(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) WITH THE PERMISSION OF THE OWNER, ENTER UPON LANDS,
WATERS, OR PREMISES TO MAKE 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, IF THE POWER 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.

5-1306. 5-1305.

(A) TO ACCOMPLISH THE LEGISLATIVE INTENT OF THIS SUBTITLE, THE
MARYLAND ECONOMIC DEVELOPMENT CORPORATION PERIODICALLY MAY ISSUE
BONDS FOR THE PURPOSES OF FINANCING OR REFINANCING ALL OR PART OF THE
COSTS OF A PROJECT.

(B) (1) THE CORPORATION MAY LEND OR OTHERWISE MAKE AVAILABLE
THE PROCEEDS OF ITS NET EARNINGS TO ANY PERSON TO FINANCE OR REFINANCE
THE COSTS OF ANY PROJECT, AND MAY ENTER INTO FINANCING AGREEMENTS,
MORTGAGES, AND OTHER INSTRUMENTS AS IT DETERMINES TO BE NECESSARY OR
DESIRABLE TO EVIDENCE OR SECURE THE LOAN.

 

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Session Laws, 1999
Volume 796, Page 3033   View pdf image
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