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§ 9-686. Required contents of bonds

West's Annotated Code of MarylandEnvironment

West's Annotated Code of Maryland
Environment
Title 9. Water, Ice, & Sanitary Facilities (Refs & Annos)
Subtitle 6. Sanitary Commissions
Part VIII. Bonds
MD Code, Environment, § 9-686
§ 9-686. Required contents of bonds
Currentness
Bonds issued under this subtitle shall:
(1) Be dated;
(2) Bear interest at the rate or rates that the sanitary commission determines;
(3) Bear the seal of the district;
(4) Be signed for the district;
(5) Bear maturity dates that:
(i) Are determined by the sanitary commission; and
(ii) Are not more than 40 years from the date of issue; and
(6) Subject to the limitation on liability of each member county of a multiple county district under § 9-696 of this subtitle, be endorsed by each member county as follows: “The payment of interest when due and the principal at maturity is guaranteed by .......... (name of member county), Maryland”.

Credits

Added by Acts 1982, c. 240, § 2.
Formerly Art. 43, § 654.
MD Code, Environment, § 9-686, MD ENVIR § 9-686
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.
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