ROBERT L. EHRLICH, JR., Governor                          H.B. 1179

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

(12)    MAKE GRANTS TO OR PROVIDE EQUITY INVESTMENT FINANCING
FOR AGRICULTURAL AND RESOURCE-BASED BUSINESSES;

(13)    ENGAGE ANY NECESSARY ACCOUNTANTS, ENGINEERS, FINANCIAL
ADVISORS, AND OTHER CONSULTANTS;

(14)    WITH THE APPROVAL OF THE ATTORNEY GENERAL, ENGAGE ANY
NECESSARY LAWYERS;

(15)    CREATE, OWN, CONTROL, OR BE A MEMBER OF, A CORPORATION,
LIMITED LIABILITY COMPANY, PARTNERSHIP, OR OTHER ENTITY, WHETHER
OPERATED FOR PROFIT OR NOT FOR PROFIT;

(16)    ENTER INTO A PROJECT WITH A MANUFACTURER TO CARRY OUT THE
PURPOSES OF THE CORPORATION;

(17)    EXERCISE A POWER USUALLY POSSESSED BY A PRIVATE
CORPORATION IN PERFORMING SIMILAR FUNCTIONS UNLESS TO DO SO WOULD
CONFLICT WITH THE LAWS OF THE STATE; AND

(18)    DO ANYTHING NECESSARY OR CONVENIENT TO CARRY OUT THE
POWERS GRANTED BY THIS SUBTITLE.

13-608. 13-508.

THE CORPORATION MAY:

(1)      SUBJECT TO THE RIGHTS OF HOLDERS OF BONDS OF THE
CORPORATION:

(I)      RENEGOTIATE, REFINANCE, OR FORECLOSE ON ANY
MORTGAGE, SECURITY INTEREST, OR LIEN;

(II)     COMMENCE ANY ACTION TO PROTECT OR ENFORCE ANY RIGHT
OR BENEFIT CONFERRED ON THE CORPORATION BY ANY LAW, MORTGAGE, SECURITY
INTEREST, LIEN, CONTRACT, OR OTHER AGREEMENT; AND

(III)   BID FOR AND PURCHASE PROPERTY AT ANY FORECLOSURE OR
AT ANY OTHER SALE OR OTHERWISE ACQUIRE OR TAKE POSSESSION OF ANY
PROPERTY, IN WHICH CASE THE CORPORATION MAY COMPLETE, ADMINISTER, PAY
THE PRINCIPAL OF ANY INTEREST ON ANY OBLIGATION INCURRED IN CONNECTION
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

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