§ 9-932
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/md/environment/9-932A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§9–932.
By resolution of its board of directors, an authority may:
(1)Issue bonds of the authority;
(2)Secure the payment of the bonds by pledge or deed of trust of all or any part of the revenue of the authority;
(3)Either before or after the issuance of bonds, make any agreement that the authority considers advisable with:
(i)A purchaser or holder of the bonds; or
(ii)Any other person in connection with the bonds; and
(4)Provide generally for:
(i)The security for the bonds; and
(ii)The rights of the holders of the bonds.