Powers of the Corporation Sample Clauses

Powers of the Corporation. The Corporation shall have (a) all powers now or hereafter authorized by or vested in corporations pursuant to the provisions of the Corporation Law, (b) all powers now or hereafter vested in corporations by common law or any other statute or act, and (c) all powers authorized by or vested in the Corporation by the provisions of these Articles of Incorporation or by the provisions of its By-Laws as from time to time in effect.

Powers of the Corporation. Membership of the Corporation................................................................

Powers of the Corporation. The Corporation shall have all powers necessary to carry out the intent of this Agreement, including but not limited to, the power to: (a) Manage the property, contracts and programs that are included in the scope of services covered by this Management Agreement with respect to each of the Assigned Functions, and take actions as necessary to maintain the property, contracts and programs in a manner consistent with good management practice and in compliance with the provisions of this Agreement. (b) Cause to be hired and supervise all persons necessary to be employed in order to manage, operate and maintain the property, contracts and programs included in the Assigned Functions in accordance with the provisions of this Agreement. (c) Enter into such contracts as are necessary to fulfill the requirements of the Agreement, and to manage, operate and maintain the property, contracts and programs with respect to the Assigned Functions in accordance with the scope of this Agreement. (d) Perform such other acts and services as may be necessary or desirable to lease, manage, operate and maintain the property, contracts and programs in accordance with the terms of this Agreement.

Powers of the Corporation. The Corporation shall promote and encourage the establishment, growth and maintenance in the Township of industrial, commercial, distribution and research facilities in accordance with and in furtherance of the purposes set forth in Section 2 of this Agreement, and to that end: (a) May insure mortgage payments required by a first mortgage on any industrial, economic, commercial or civic property for which funds have been loaned by any person, corporation, bank or financial or lending institution upon such terms and conditions as the Corporation may prescribe. (b) May incur debt, mortgage its property, no matter from what source and by which method acquired, and issue its obligations, for the purpose of acquiring, constructing, improving and equipping buildings, structures and other properties, and acquiring sites therefor, for lease or sale by the Corporation in order to carry out its participation in the Plan; provided, that any such debt shall be solely that of the Corporation and shall not be secured by the pledge of any moneys received or to be received from the Township, the State of Ohio, or any political subdivision thereof. (c) May borrow money for any of the purposes set forth in Section 2 of this Agreement by means of loans, lines of credit, or any other financial instruments or securities, including the issuance of its bonds, debentures, notes, or other evidences of indebtedness, whether secured or unsecured, and to secure the same by mortgage, pledge, deed of trust, or other lien on its property, franchises, rights, and privileges of every kind and nature or any part thereof or interest therein; provided, that any such debt shall be solely that of the Corporation and shall not be secured by the pledge of any moneys received or to be received from the Township, the State of Ohio, or any political subdivision thereof. (d) May make loans to any person, firm, partnership, corporation, joint stock company, association, or trust, and establish and regulate the terms and conditions with respect to any such loans; provided, that the Corporation shall not approve any application for a loan unless and until the person applying for said loan shows that the person has applied for the loan through ordinary banking or commercial channels and that the loan has been refused by at least one bank or other financial institution. (e) May purchase, receive, hold, manage, lease, lease-purchase, or otherwise acquire and may sell, convey, transfer, lease, sublease, or...

Powers of the Corporation. The following provisions are hereby adopted for the purpose of defining, limiting and regulating the powers of the Corporation and its Directors and stockholders: (a) The Board of Directors of the Corporation is hereby empowered to authorize the issuance from time to time of shares of its stock of any class, whether now or hereafter authorized, or securities convertible into shares of its stock of any class, whether now or hereafter authorized, without the approval of the stockholders of the Corporation for such consideration as is determined by the Board of Directors in accordance with applicable law. (b) Notwithstanding any other provision contained in the Charter, the Board of Directors of the Corporation may authorize the issuance of some or all of the shares of Common Stock or Preferred Stock of any or all classes or series authorized under the Charter without certificates. This authorization shall not affect shares already represented by certificates outstanding until they are surrendered to the Corporation. (c) No stockholder of the Corporation shall have preferential or preemptive rights to subscribe for, purchase or otherwise acquire any stock or other securities of the Corporation, now or hereafter authorized, and any and all preemptive rights are hereby denied. (d) The Corporation reserves the right from time to time to make any amendment of its Charter, now or hereafter authorized by law, including any amendment which alters the contract rights, as expressly set forth in the Charter, of any outstanding stock. (e) The Board of Directors may classify and reclassify any unissued shares of stock of the Corporation (whether or not such shares have been previously classified or reclassified) by setting or changing in any one or more respects, from time to time before issuance of such shares, the class and series designations of shares of capital stock or setting or changing the preferences, conversion and other rights, voting powers, restrictions, limitations as to dividends, qualifications or terms or conditions of redemption of such shares. (f) With respect to any corporate action to be taken by the Corporation which, under the Maryland General Corporation Law, would (in the absence of this subparagraph (f)) require the authorization or approval of a greater proportion than a majority of all votes entitled to be cast for such action to be effective and valid, such corporate action shall be effective and valid if authorized or approved by at least a...

Powers of the Corporation. In addition to the powers of the Corporation set forth in the Act, the Corporation through its Board, MAY and IS HEREBY AUTHORIZED TO:

Powers of the Corporation. Subject to the Act and these rules, the corporation has the power to do anything lawful to carry out the objectives, except: (b) The assets and income of the Corporation shall be applied solely in furtherance of the objectives and no portion shall be distributed directly or indirectly to the members of note rule 10.1 deals with powers of the directors. 5 Membership of the corporation 5.1 Different classes of membership

Powers of the Corporation. The Corporation shall have power (1) to adopt, alter, and use a corporate seal; (2) to have suc- cession until dissolved by Act of Congress; (3) to make and enforce such bylaws, rules, and regu- lations as may be necessary or appropriate to carry out the purposes or provisions of this chapter; (4) to make and perform contracts, agreements, and commitments; (5) to prescribe and impose fees and charges for services by the Corporation; (6) to settle, adjust, and com- promise, and with or without consideration or benefit to the Corporation to release or waive in whole or in part, in advance or otherwise, any claim, demand, or right of, by, or against the Corporation; (7) to sue and be sued, complain and defend, in any State, Federal, or other court; (8) to acquire, take, hold, and own, and to deal with and dispose of any property; and (9) to determine its necessary expenditures and the manner in which the same shall be incurred, al- lowed, and paid, and appoint, employ, and fix and provide for the compensation and benefits of officers, employees, attorneys, and agents as the Board of Directors determines reasonable and comparable with compensation for employment in other similar businesses (including publicly held financial institutions or other major ▇▇▇▇▇- cial services companies) involving similar duties and responsibilities, except that a significant portion of potential compensation of all execu- tive officers (as such term is defined in sub- section (h)(3)) of the Corporation shall be based on the performance of the Corporation, all with- out regard to any other law except as may be provided by the Corporation or by laws hereafter enacted by the Congress expressly in limitation of this sentence. The Corporation, with the con- sent of any such department, establishment, or instrumentality, including any field services thereof, may utilize and act through any such department, establishment, or instrumentality and may avail itself of the use of information, services, facilities, and personnel thereof, and may pay compensation therefor, and all of the foregoing are hereby authorized to provide the same to the Corporation as it may request.