(b) To make, alter, and repeal Bylaws of the Corporation, pursuant to the power granted in §2-109(b) of the Corporations and Associations Article of the Annotated Code of Maryland;
(c) To determine whether and to what extent and at what times and places and under what circumstances, conditions and regulations the accounts and books of the Corporation, or any of them, shall be open to the inspection of the stockholders, and no stockholder shall have the right to inspect any account, record, book, or document of the Corporation, except as conferred by the laws of the State of Maryland or as authorized by the Board;
(d) To declare and pay dividends upon the shares of capital stock of the Corporation either out of net assets in excess of capital or, in case there shall be no excess, out of net profits for the fiscal year then current or the preceding fiscal year, and to direct the use and disposition of such net assets in excess of capital and of such net profits, all in accordance with the provisions of the laws of the State of Maryland;
(e) To fix and determine from time to time an amount to be set apart out of any of the funds of the Corporation available for dividends a reserve or reserves for working capital or any other proper purpose or to abolish any such reserve or reserves;
(f) To make any lawful disposition of any paid-in or capital surplus, or create any reserves out of the same, or charge to the same organization expenses or other similar expenses properly chargeable to capital account;
(g) To use or apply any funds of the Corporation lawfully available therefor for the purchase or acquisition of shares of the capital stock or bonds or other securities of the Corporation, in the market or otherwise, at such price as may be fixed by the Board, and to such extent and in such manner and for such purposes and upon such terms as the Board may deem expedient and as may be permitted by law.
TENTH: Except as may otherwise be provided by the Board of Directors of the Corporation, no holder of any shares of the stock of the Corporation shall have any pre-emptive right to purchase, subscribe for, or otherwise acquire any shares of Stock of the Corporation of any class now or hereafter authorized, or any securities exchangeable for or convertible into such shares, or any warrants or other instruments evidencing rights or options to subscribe for, purchase or otherwise acquire such shares.
ELEVENTH: The shareholders of the corporation shall not have cumulative voting rights.
TWELFTH: From time to time any of the provisions of these Articles of Incorporation may be amended, altered or repealed by the Board of Directors, and other provisions authorized by the laws of the State of Maryland at the time in force may be added or inserted in the manner and at the time prescribed by said laws by the Board of Directors, and all rights at any time conferred upon the stockholders of the Corporation by these Articles of Incorporation are granted subject to the provisions of this Section.
THIRTEENTH: Pursuant to §2-105(9) of the Corporations and Associations Article of the
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