§ 9-806

Maryland § 9-806

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

Text

(a) The authorizing resolution may provide that the bonds shall contain a recital that they are issued under this subtitle.

(b) The authorizing resolution shall state that the interest on bonds issued under this subtitle shall be payable twice a year.

(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.