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§ 9-932. Powers of board

West's Annotated Code of MarylandEnvironment

West's Annotated Code of Maryland
Environment
Title 9. Water, Ice, & Sanitary Facilities (Refs & Annos)
Subtitle 9. Water and Sewer Authorities
Part IV. Bonds of Authorities
MD Code, Environment, § 9-932
§ 9-932. Powers of board
Currentness
By resolution of its board of directors, an authority may:
(1) Issue bonds of the authority;
(2) Secure the payment of the bonds by pledge or deed of trust of all or any part of the revenue of the authority;
(3) Either before or after the issuance of bonds, make any agreement that the authority considers advisable with:
(i) A purchaser or holder of the bonds; or
(ii) Any other person in connection with the bonds; and
(4) Provide generally for:
(i) The security for the bonds; and
(ii) The rights of the holders of the bonds.

Credits

Added by Acts 1985, c. 173, § 2.
MD Code, Environment, § 9-932, MD ENVIR § 9-932
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.
End of Document