§ 9-932

Maryland § 9-932

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

Text

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.