Maryland Environment Section 9-686

      Bonds issued under this subtitle shall:

            (1)      Be dated;

            (2)      Bear interest at the rate or rates that the sanitary commission determines;

            (3)      Bear the seal of the district;

            (4)      Be signed for the district;

            (5)      Bear maturity dates that:

                  (i)      Are determined by the sanitary commission; and

                  (ii)      Are not more than 40 years from the date of issue; and

            (6)      Subject to the limitation on liability of each member county of a multiple county district under § 9-696 of this subtitle, be endorsed by each member county as follows: "The payment of interest when due and the principal at maturity is guaranteed by .......... (name of member county), Maryland".