§ 9-809
134 words·~1 min read·
/md/environment/9-809A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§9–809.
(1)Any bond issued under this subtitle that bears the signatures of the officers in office on the date the bond is signed is a valid and binding obligation notwithstanding that:
(i)At the time of delivery of or payment for the bond, any or all of the signers are no longer officers of the municipality; or
(ii)Any proceeding that relates to the development of the sewerage facility for which the bond is issued is invalid or irregular.
(2)A signature may be by facsimile as provided in § 2-303 of the State Finance and Procurement Article.
(b)A recital in the bond that the bond is issued under this subtitle is conclusive evidence of:
(1)The validity of the bond; and
(2)The regularity of the issuance of the bond.