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Session Laws, 2004
Volume 801, Page 2180   View pdf image
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Ch. 467                                   2004 LAWS OF MARYLAND

WITH THE PROPERTY, DISPOSE OF AND OTHERWISE DEAL WITH THE PROPERTY IN
ANY MANNER NECESSARY OR DESIRABLE TO PROTECT THE INTEREST OF THE
CORPORATION OR THE HOLDERS OF ITS BONDS IN THE PROPERTY;

(2)     PROCURE OR PROVIDE FOR THE PROCUREMENT OF INSURANCE OR
REINSURANCE AGAINST ANY LOSS IN CONNECTION WITH ITS PROPERTY OR
OPERATIONS, INCLUDING INSURANCE, REINSURANCE, OR OTHER GUARANTEES
FROM ANY FEDERAL OR STATE GOVERNMENTAL UNIT OR PRIVATE INSURANCE
COMPANY FOR THE PAYMENT OF ANY BONDS ISSUED BY THE CORPORATION, OR
BONDS, NOTES OR ANY OTHER OBLIGATIONS OR EVIDENCES OF INDEBTEDNESS
ISSUED OR MADE BY ANY LENDING INSTITUTION OR OTHER ENTITY OR PERSON, OR
INSURANCE OR REINSURANCE AGAINST LOSS WITH RESPECT TO AGRICULTURAL
LOANS, MORTGAGES OR MORTGAGE LOANS, OR ANY OTHER TYPE OF LOANS,
INCLUDING THE POWER TO PAY PREMIUMS ON THE INSURANCE OR REINSURANCE;

(3)      INSURE, CO-INSURE, REINSURE, OR CAUSE TO BE INSURED,
CO-INSURED, OR REINSURED, AGRICULTURAL LOANS, MORTGAGE LOANS OR
MORTGAGES, OR ANY OTHER TYPE OF LOANS AND PAY OR RECEIVE PREMIUMS ON
THE INSURANCE, CO-INSURANCE, OR REINSURANCE, AND ESTABLISH RESERVES
FOR LOSSES, AND PARTICIPATE IN THE INSURANCE, CO-INSURANCE, OR
REINSURANCE OF AGRICULTURAL LOANS, MORTGAGE LOANS OR MORTGAGES, OR
ANY OTHER TYPE OF LOANS WITH THE FEDERAL OR STATE GOVERNMENT OR ANY
PRIVATE INSURANCE COMPANY;

(4)      UNDERTAKE AND CARRY OUT OR AUTHORIZE THE COMPLETION OF
STUDIES AND ANALYSES OF AGRICULTURAL CONDITIONS AND NEEDS IN THE STATE
AND NEEDS RELATING TO THE PROMOTION OF AGRICULTURAL INDUSTRIES AND
WAYS OF MEETING THOSE NEEDS, AND MAKE THE STUDIES AND ANALYSES
AVAILABLE TO THE PUBLIC AND TO THE AGRICULTURAL INDUSTRIES, AND TO
ENGAGE IN RESEARCH OR DISSEMINATE INFORMATION ON AGRICULTURE AND
AGRICULTURAL MARKETING AND PROMOTION;

(5)      ACCEPT FEDERAL, STATE, OR PRIVATE FINANCIAL OR TECHNICAL
ASSISTANCE AND COMPLY WITH ANY CONDITIONS FOR THAT ASSISTANCE THAT ARE
NOT IN CONFLICT WITH THE INTENT OF THIS SUBTITLE;

(6)      ESTABLISH AND COLLECT FEES AND CHARGES IN CONNECTION
WITH ITS LOANS, DEPOSITS, INSURANCE COMMITMENTS, AND SERVICES, INCLUDING
REIMBURSEMENT OF COSTS OF ISSUING BONDS, ORIGINATION AND SERVICING
FEES, AND INSURANCE PREMIUMS;

(7)      MAKE LOANS TO OR DEPOSITS WITH LENDING INSTITUTIONS AND
PURCHASE OR SELL AGRICULTURAL LOANS;

(8)      ACQUIRE OR CONTRACT TO ACQUIRE FROM ANY PERSON, BY GRANT,
PURCHASE, OR OTHERWISE, MOVABLE OR IMMOVABLE PROPERTY OR ANY INTEREST
IN PROPERTY;

(9)      OWN, HOLD, CLEAR, IMPROVE, LEASE, CONSTRUCT, OR
REHABILITATE, AND SELL, INVEST, ASSIGN, EXCHANGE, TRANSFER, CONVEY, LEASE,
MORTGAGE, OR OTHERWISE DISPOSE OF OR ENCUMBER PROPERTY, SUBJECT TO THE

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Session Laws, 2004
Volume 801, Page 2180   View pdf image
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