§ 9-686

Maryland § 9-686

• Jurisdiction: Maryland
• Article gen: Environment
• Title: 9

Text

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”.