§ 9-2605
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/md/state-government/9-2605A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§9–2605.
The Corporation may:
(1)adopt an official seal;
(2)sue and be sued, plead and be impleaded, in its own name;
(3)maintain offices in the State;
(4)appoint museum advisory boards and other advisory boards and committees;
(5)adopt bylaws for the regulation of its affairs and the conduct of its business;
(6)apply for and accept grants, loans, or assistance of any character from the federal government, State government, a local government, or a private source;
(7)enter into any contract or other legal instrument;
(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;
(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.