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<section article="gen" article_name="Environment" number="9-1607" title_number="9" title_name="Water, Ice, and Sanitary Facilities" subtitle_number="16" subtitle_name="Maryland Water Infrastructure Financing Administration">
  <level label="a">
    <text>The Administration may, subject to the prior approval of the Board and the Secretary, issue bonds for the purpose of providing moneys for deposit to a fund.</text>
  </level>
  <level label="b">
    <text>With respect to each issue of bonds, the Director shall adopt a bond resolution determining:</text>
    <level label="1">
      <text>The date or dates of issue;</text>
    </level>
    <level label="2">
      <text>The date or dates of maturity and the amount or amounts maturing on such date or dates;</text>
    </level>
    <level label="3">
      <text>The fixed or variable rate or rates of interest payable on the bonds, or manner of determining the same, and the date or dates of such payment;</text>
    </level>
    <level label="4">
      <text>The form or forms and denomination or denominations, manner of execution and the place or places of payment of the bonds and of the interest thereon, which may be at any bank or trust company within or without this State;</text>
    </level>
    <level label="5">
      <text>Whether the bonds or any part thereof shall be made redeemable before maturity and, if so, upon what terms, conditions, and prices; and</text>
    </level>
    <level label="6">
      <text>Any other matter relating to the forms, terms, conditions, issuance, and sale of the bonds.</text>
    </level>
  </level>
  <level label="c">
    <text>No person executing the bonds or approving the issuance of the bonds shall be liable personally on the bonds or subject to any personal liability by reason of the issuance of the bonds.</text>
  </level>
  <level label="d">
    <text>The Administration may enter into agreements with agents, banks, insurers, or others for the purpose of enhancing the marketability of or as security for the bonds.</text>
  </level>
</section>
