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c. May make loans to any person, firm, partnership,
<br />corporation, joint stock company, association, or trust,
<br />and may establish and regulate the terms and conditions
<br />with respect to any such loans; provided the CIC shall not
<br />approve any application for loan unless and until the
<br />person applying for said loan shows that he has applied for
<br />the loan through ordinary banking or commercial channels
<br />and that the loan has been refused by at least one bank or
<br />other financial institution.
<br />d. May purchase, receive, hold, lease, or otherwise
<br />acquire and may sell, convey, transfer, lease, sublease, or
<br />otherwise dispose of real and personal propertq, together
<br />with such rights and privileges as may be incidental and
<br />appurtenant thereto and the use thereof, including but not
<br />restricted to, any real or personal property acquired by
<br />the CIC from time to time in the satisfaction of debts or
<br />enforcement of obligations.
<br />e. May acquire the good will, business, rights, real and
<br />personal property, and other assets, or any part thereof,
<br />or interest therein, of any persons, firms, partnerships,
<br />corporations, joint stock companies, associations, or
<br />trusts, and may assume, nndertake, or paq the obligations,
<br />debts, and liabilities of any such person, firm,
<br />partnership, corporation, joint stock company, association,
<br />or trust; may acquire improved or unimproved real estate
<br />for the purpose of constructing industrial plants or other
<br />business establishments thereon or for the purpose of
<br />disposing of such real estate to others in whole or in part
<br />for the construction of industrial plants or other business
<br />establishments; and may acquire, construct or reconstruct,
<br />alter, repair, maintain, operate, sell, convey, transfer,
<br />lease, sublease, or otherwise dispose of industrial plants
<br />or business establishments.
<br />f. May acquire, subscribe for, own, hold, sell, assign,
<br />transfer, mortgage, pledge, or otherwise dispose of the
<br />stock, shares, bonds, debentures, notes, or other
<br />securities and evidences of interest in, or indebtedness
<br />of, any person, firm, corporation, joint stock company,
<br />association, or trust, and while the owner or holder
<br />thereof, may exercise all the rights, powers, and
<br />privileges of ownership, including the right to vote
<br />therein.
<br />g. May mortgage, pledge, or otherwise encwnber any
<br />property acquired pursuant to the powers contained in
<br />subparagraphs d, e or f of this section.
<br />h. May make application to the Ohio Director of
<br />Development for insurance or advance commitments for
<br />insurance of mortgage payments required by a first mortgage
<br />on any Development Project for which the CIC has loaned its
<br />funds or upon which the CIC has borrowed funds, and may
<br />make assignments of insured mortgages and provide other
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