Maryland Debt - Public Section 2C
§ 2C.
(a) The county council of any charter county, the county commissioners of any noncharter county, and the commissioners of finance of the Mayor and City Council of Baltimore may, in authorizing or in providing for the sale of municipal bonds, from time to time provide by resolution, which shall not be deemed to be a legislative act, that loans authorized to be incurred and bonds authorized to be sold by separate acts of enabling legislation be consolidated for sale and issued, sold and delivered as a single issue of bonds, regardless whether enabling legislation authorizing any such loan or the sale of any bonds evidencing such loan was enacted before or after July 1, 1972.
(b) Any consolidated issue of municipal bonds made under the authority of this section shall be designated "consolidated public improvement bonds" of the issuing authority of the year in which the bonds are to be dated. The resolution authorizing the issuance and sale of consolidated public improvement bonds may determine all matters relating to the advertisement, sale, issuance, delivery and payment of the bonds, including all matters relating to the forms, dates and denominations of the bonds, the principal maturities, the methods to be used in determining interest payable on the bonds, and provisions, if any, for registration, for redemption prior to stated maturity, and for the use of facsimile signatures or seals. Unless the bonds are authorized to be sold at private sale, a notice of sale or advertisement of the public sale of consolidated public improvement bonds shall be made at least once in a newspaper of general circulation in the county, or Baltimore City, as the case may be, prior to sale and may also be made in a newspaper circulating primarily among bankers and investors, provided that at least one advertisement of public sale shall be made not less than 10 days prior to sale. The net proceeds of sale of consolidated public improvement bonds shall, after deduction of the expenses of sale, be applied in the manner and for the purposes designated in the separate underlying acts of enabling legislation providing authority for the loan evidenced by such bonds.
(c) The provisions of this section shall be deemed to supersede any inconsistent provision of law.
