Ch. 26                                     2004 LAWS OF MARYLAND

(8)     ACQUIRE, CONSTRUCT, DEVELOP, MANAGE, MARKET,
RECONSTRUCT, REHABILITATE, IMPROVE, MAINTAIN, EQUIP, LEASE AS LESSOR OR
AS LESSEE, REPAIR, OR OPERATE ANY PROJECT IN THE STATE;

(9)     ACQUIRE, PURCHASE, HOLD, LEASE AS LESSEE, OR USE A
FRANCHISE, PATENT, OR LICENSE OR ANY REAL, PERSONAL, MIXED, TANGIBLE, OR
INTANGIBLE PROPERTY OR ANY INTEREST IN THAT PROPERTY, NECESSARY OR
CONVENIENT FOR CARRYING OUT THE PURPOSES OF THE CORPORATION;

(10)    SELL, LEASE AS LESSOR, TRANSFER, OR DISPOSE OF ITS PROPERTY
OR INTERESTS IN PROPERTY;

(11)    ACQUIRE, EITHER DIRECTLY OR BY OR THROUGH ANY PERSON,
STATE UNIT, OR POLITICAL SUBDIVISION, BY PURCHASE OR BY GIFT OR DEVISE, ANY
LAND, STRUCTURE, REAL PROPERTY, PERSONAL PROPERTY, RIGHT, RIGHT-OF-WAY,
FRANCHISE, EASEMENT, OR OTHER INTEREST IN LAND, INCLUDING LAND LYING
UNDER WATER AND RIPARIAN RIGHTS THAT THE CORPORATION CONSIDERS
NECESSARY OR CONVENIENT FOR THE CONSTRUCTION,, IMPROVEMENT,
REHABILITATION, OR OPERATION OF A PROJECT, ON ANY TERMS AND AT ANY PRICE
THAT THE CORPORATION CONSIDERS REASONABLE;

(12)    ENTER WITH THE PERMISSION OF THE OWNER ON LAND, WATER, OR
PREMISES FOR THE PURPOSE OF MAKING SURVEYS, SOUNDINGS, BORINGS, AND
EXAMINATIONS TO ACCOMPLISH ANY PURPOSE AUTHORIZED BY THIS SUBTITLE;

(13)    FIX, REVISE, AND COLLECT RATES, RENTALS, FEES, AND CHARGES
FOR THE USE OF, OR FOR SERVICES AND FACILITIES PROVIDED OR MADE AVAILABLE
BY, THE CORPORATION;

(14)    (I) BORROW MONEY FROM ANY SOURCE FOR ANY CORPORATE
PURPOSE, INCLUDING WORKING CAPITAL FOR ITS OPERATIONS, RESERVES, OR
INTEREST;

(II)     MORTGAGE, PLEDGE, OR OTHERWISE ENCUMBER THE
PROPERTY AND MONEY OF THE CORPORATION; AND

(III)   CONTRACT WITH OR ENGAGE THE SERVICES OF ANY PERSON
FOR ANY FINANCING;

(15)    EXERCISE ALL THE CORPORATE POWERS GRANTED TO MARYLAND
CORPORATIONS UNDER THE MARYLAND GENERAL CORPORATION LAW; AND

(16)    DO ALL THINGS NECESSARY AND CONVENIENT TO CARRY OUT THE
POWERS GRANTED BY THIS SUBTITLE.

REVISOR'S NOTE: This section is new language derived without substantive
change from former Art. 41, § 20-104, except as it related to the
Corporation not borrowing money that would create or constitute a debt or
obligation of the State.

In item (1) of this section, the former reference to "alter[ing]" a seal is
deleted as implicit in the power to "adopt" an official seal.

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