Home Table of Contents

§ 13-1018. Issuance of bonds

West's Annotated Code of MarylandFinancial Institutions

West's Annotated Code of Maryland
Financial Institutions
Title 13. State-Operated Financial Programs
Subtitle 10. Canal Place Preservation and Development Authority (Refs & Annos)
Part III. Bonds
MD Code, Financial Institutions, § 13-1018
§ 13-1018. Issuance of bonds
Currentness
Bonds issued for any corporate purpose
(a) Subject to this part, the Authority may at any time and from time to time issue bonds for any corporate purpose, including the establishment of reserves and the payment of interest.
Authority and security of bonds
(b) The Authority:
(1) Shall by resolution authorize any bonds that it issues; and
(2) May secure the bonds by a trust agreement between the Authority and a corporate trustee or trustees, which may be any trust company or bank having the powers of a trust company within or without the State.
Notice to Board of Public Works
(c) The Authority shall notify the Board of Public Works of its intention to issue bonds up to a stated amount.

Credits

Added by Acts 1993, c. 544, § 1, eff. June 1, 1993.
MD Code, Financial Institutions, § 13-1018, MD FIN INST § 13-1018
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document