Maryland Environment Section 9-685

      (a)      Before a district issues any bonds:

            (1)      The sanitary commission shall make the determinations required by this section; and

            (2)      After the sanitary commission makes the determinations, the district shall issue the bonds in accordance with the determinations.

      (b)      The sanitary commission:

            (1)      Shall determine the form of the bonds;

            (2)      Shall determine the manner of execution of the bonds;

            (3)      Shall determine the denominations of the bonds;

            (4)      Shall determine the place, which may be any bank or trust company, where the principal and interest of the bonds will be paid;

            (5)      Shall determine whether interest coupons will be attached to the bonds and, if so, the form of the coupons;

            (6)      May determine whether the bonds will be issued in:

                  (i)      Coupon form;

                  (ii)      Registered form; or

                  (iii)      Coupon form and registered form;

            (7)      May determine whether coupon form bonds will be registered as to:

                  (i)      Principal; or

                  (ii)      Principal and interest;

            (8)      May determine a method for reconverting into coupon form bonds any bonds that are registered as to principal and interest;

            (9)      May determine whether the district will redeem bonds before maturity, and if so, shall specify:

                  (i)      The terms and conditions the sanitary commission will impose as to redemption before maturity; and

                  (ii)      The method the sanitary commission will use in determining the prices the district will pay to redeem bonds before maturity;

            (10)      Shall determine any other condition, term, or provision as to the bonds that the sanitary commission is required to make under this subtitle; and

            (11)      May determine any other condition, term, or provision as to the bonds that the sanitary commission is allowed to make under this subtitle.