§ 12-703. Bond authorization, contents, sale, and character
West's Annotated Code of MarylandHousing and Community Development
MD Code, Housing & Community Development, § 12-703
§ 12-703. Bond authorization, contents, sale, and character
(a)(1) Bonds of an authority shall be authorized by its resolution and may be issued in one or more series.
(b) If a commissioner or officer of the authority whose signature is on a bond or coupon leaves office before the bond is delivered, the signature nevertheless is valid and sufficient, the same as if the commissioner or officer had remained in office until delivery.
(c) A bond reciting in substance that it has been issued by an authority to aid in financing a housing project to provide housing for persons of eligible income shall be considered to have been issued for that purpose in a proceeding involving the validity or enforceability of the bond or its security.
Credits
Added by Acts 2006, c. 63, § 2, eff. Oct. 1, 2006.
MD Code, Housing & Community Development, § 12-703, MD HOUS & CMTY DEV § 12-703
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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