Maryland Environment Section 9-806

Article - Environment

§ 9-806.

      (a)      The authorizing resolution may provide that the bonds shall contain a recital that they are issued under this subtitle.

      (b)      The authorizing resolution shall state that the interest on bonds issued under this subtitle shall be payable twice a year.

      (c)      The authorizing resolution or any subsequent resolution may provide that the bonds issued under this subtitle:

            (1)      Be in 1 or more series;

            (2)      Bear a certain date or dates;

            (3)      Be executed in a certain manner;

            (4)      Contain certain terms, covenants, and conditions;

            (5)      Be in coupon or registered form, or both;

            (6)      May mature at a certain time or times, but not later than 40 years from their respective dates of issuance;

            (7)      Be payable in a certain medium of payment;

            (8)      Be payable at a certain place or places;

            (9)      Carry certain registration privileges; and

            (10)      Be subject to certain terms of redemption.



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