§ 9-806
149 words·~1 min read·
/md/environment/9-806A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§9–806.
(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.