2013 Maryland Code
ENVIRONMENT
§ 9-809 - Validity of bonds
§9-809.
(a) (1) Any bond issued under this subtitle that bears the signatures of the officers in office on the date the bond is signed is a valid and binding obligation notwithstanding that:
(i) At the time of delivery of or payment for the bond, any or all of the signers are no longer officers of the municipality; or
(ii) Any proceeding that relates to the development of the sewerage facility for which the bond is issued is invalid or irregular.
(2) A signature may be by facsimile as provided in § 2-303 of the State Finance and Procurement Article.
(b) A recital in the bond that the bond is issued under this subtitle is conclusive evidence of:
(1) The validity of the bond; and
(2) The regularity of the issuance of the bond.
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