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§ 9-806. Bond provisions in resolution

West's Annotated Code of MarylandEnvironment

West's Annotated Code of Maryland
Environment
Title 9. Water, Ice, & Sanitary Facilities (Refs & Annos)
Subtitle 8. Sewerage Facilities Bond Act
MD Code, Environment, § 9-806
§ 9-806. Bond provisions in resolution
Currentness
Recital
(a) The authorizing resolution may provide that the bonds shall contain a recital that they are issued under this subtitle.
Payment
(b) The authorizing resolution shall state that the interest on bonds issued under this subtitle shall be payable twice a year.
Provisions
(c) The authorizing resolution or any subsequent resolution may provide that the bonds issued under this subtitle:
(1) Be in 1 or more series;
(2) Bear a certain date or dates;
(3) Be executed in a certain manner;
(4) Contain certain terms, covenants, and conditions;
(5) Be in coupon or registered form, or both;
(6) May mature at a certain time or times, but not later than 40 years from their respective dates of issuance;
(7) Be payable in a certain medium of payment;
(8) Be payable at a certain place or places;
(9) Carry certain registration privileges; and
(10) Be subject to certain terms of redemption.

Credits

Added by Acts 1982, c. 240, § 2.
Formerly Art. 43, §§ 431, 433.
MD Code, Environment, § 9-806, MD ENVIR § 9-806
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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