State Codes and Statutes

Statutes > Maryland > Economic-development > Title-11 > Subtitle-5 > 11-512

§ 11-512. Powers - In general.
 

The Corporation may: 

(1) adopt bylaws for the conduct of its business; 

(2) adopt a seal; 

(3) maintain an office at Fort Ritchie; 

(4) accept loans, grants, or assistance of any kind from the federal or State government, a local government, or a private source; 

(5) enter into contracts and other legal instruments; 

(6) sue and be sued in its own name; 

(7) acquire, purchase, hold, lease as a lessee, and use any franchise, patent, or license and real, personal, mixed, tangible, or intangible property, or any interest in property, necessary or convenient to carry out its purposes; 

(8) sell, lease as lessor, transfer, and dispose of its property or interest in property; 

(9) fix and collect rates, rentals, fees, and charges for services and facilities it provides or makes available; 

(10) with the owner's permission, enter land, waters, or premises to make a survey, sounding, boring, or examination to accomplish a purpose authorized by this subtitle; 

(11) exercise a power usually possessed by a private corporation in performing similar functions unless to do so would conflict with State law; and 

(12) do all things necessary or convenient to carry out the powers expressly granted by this subtitle. 
 

[An. Code 1957, art. 83A, § 5-1205(1)-(6), (8), (9), (12)-(15); 2008, ch. 306, § 2.]   

State Codes and Statutes

Statutes > Maryland > Economic-development > Title-11 > Subtitle-5 > 11-512

§ 11-512. Powers - In general.
 

The Corporation may: 

(1) adopt bylaws for the conduct of its business; 

(2) adopt a seal; 

(3) maintain an office at Fort Ritchie; 

(4) accept loans, grants, or assistance of any kind from the federal or State government, a local government, or a private source; 

(5) enter into contracts and other legal instruments; 

(6) sue and be sued in its own name; 

(7) acquire, purchase, hold, lease as a lessee, and use any franchise, patent, or license and real, personal, mixed, tangible, or intangible property, or any interest in property, necessary or convenient to carry out its purposes; 

(8) sell, lease as lessor, transfer, and dispose of its property or interest in property; 

(9) fix and collect rates, rentals, fees, and charges for services and facilities it provides or makes available; 

(10) with the owner's permission, enter land, waters, or premises to make a survey, sounding, boring, or examination to accomplish a purpose authorized by this subtitle; 

(11) exercise a power usually possessed by a private corporation in performing similar functions unless to do so would conflict with State law; and 

(12) do all things necessary or convenient to carry out the powers expressly granted by this subtitle. 
 

[An. Code 1957, art. 83A, § 5-1205(1)-(6), (8), (9), (12)-(15); 2008, ch. 306, § 2.]   


State Codes and Statutes

State Codes and Statutes

Statutes > Maryland > Economic-development > Title-11 > Subtitle-5 > 11-512

§ 11-512. Powers - In general.
 

The Corporation may: 

(1) adopt bylaws for the conduct of its business; 

(2) adopt a seal; 

(3) maintain an office at Fort Ritchie; 

(4) accept loans, grants, or assistance of any kind from the federal or State government, a local government, or a private source; 

(5) enter into contracts and other legal instruments; 

(6) sue and be sued in its own name; 

(7) acquire, purchase, hold, lease as a lessee, and use any franchise, patent, or license and real, personal, mixed, tangible, or intangible property, or any interest in property, necessary or convenient to carry out its purposes; 

(8) sell, lease as lessor, transfer, and dispose of its property or interest in property; 

(9) fix and collect rates, rentals, fees, and charges for services and facilities it provides or makes available; 

(10) with the owner's permission, enter land, waters, or premises to make a survey, sounding, boring, or examination to accomplish a purpose authorized by this subtitle; 

(11) exercise a power usually possessed by a private corporation in performing similar functions unless to do so would conflict with State law; and 

(12) do all things necessary or convenient to carry out the powers expressly granted by this subtitle. 
 

[An. Code 1957, art. 83A, § 5-1205(1)-(6), (8), (9), (12)-(15); 2008, ch. 306, § 2.]