(a) (1) The Historic St. Mary’s City Commission is an instrumentality of the State to be known as the Historic St. Mary’s Commission or any name that the Commission may adopt, provided the resolution adopting any change in name is filed promptly with the Secretary of State. (2) The exercise by the Commission of the powers conferred by this subtitle is the performance of an essential public function. (3) The Commission is an independent unit in the Executive Branch of government that operates in the Office of the Governor. (b) The Commission may: (1) Make contracts or other legal agreements or arrangements necessary or incidental to the exercise of its powers and performance of its duties; (2) Sue and be sued; (3) Implead and be impleaded; (4) Complain and defend in all courts; (5) Adopt and alter an official seal; and (6) Adopt bylaws, rules and guidelines to regulate its affairs and the conduct of its business.