§ 9-686
112 words·~1 min read·
/md/environment/9-686A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§9–686.
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”.