§ 10-408. Powers -- In general

   The Corporation may:

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

   (2) adopt a seal;

   (3) maintain offices at a place it designates in the State;

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

   (5) enter into contracts and other legal instruments;

   (6) sue or be sued;

   (7) acquire, purchase, hold, lease as lessee, and use:

      (i) a franchise, patent, or license;

      (ii) any real, personal, mixed, tangible, or intangible property; or

      (iii) an interest in the property listed in this item;

   (8) sell, lease as lessor, transfer, license, assign, or dispose of property or a property interest that it acquires;

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

   (10) 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;

   (11) exercise 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 granted by this subtitle.

HISTORY: An. Code 1957, art. 83A, § 5-2A-04(a)(1) through (6), (8), (9), (11), (15), (17), (18); 2008, ch. 306, § 2; ch. 307, § 1.