Home Table of Contents

§ 9-809. Validity of bonds

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, § 9-809
§ 9-809. Validity of bonds
Currentness
Signatures
(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.
Recital
(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.

Credits

Added by Acts 1982, c. 240, § 2. Amended by Acts 1985, c. 717, § 1.
Formerly Art. 43, § 433.
MD Code, Environment, § 9-809, MD ENVIR § 9-809
Current through legislation effective through April 25, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document