§ 9–806

Statutes in effect as of October 1, 2026.

Md. Code Ann., Envir. § 9-806 (2026)

Title 9. Water, Ice, and Sanitary Facilities

Subtitle 8. Sewerage Facilities Bond Act

(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.