Maryland Environment Section 9-809

Article - Environment

§ 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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