(a) Subject to this part, the Authority may at any time and from time to time issue bonds for any corporate purpose, including the establishment of reserves and the payment of interest.
(b) The Authority:
(1) Shall by resolution authorize any bonds that it issues; and
(2) May secure the bonds by a trust agreement between the Authority and a corporate trustee or trustees, which may be any trust company or bank having the powers of a trust company within or without the State.
(c) The Authority shall notify the Board of Public Works of its intention to issue bonds up to a stated amount.
Structure Maryland Statutes
Title 13 - State-Operated Financial Programs
Subtitle 10 - Canal Place Preservation and Development Authority
Section 13-1019 - Bonds Payable From Receipts of Authority
Section 13-1020 - Requirements of Bonds Issued
Section 13-1021 - Resolutions or Trust Agreements
Section 13-1022 - Pledge of Revenues as Security for Issue of Bonds
Section 13-1023 - Liability; Enforcement of Rights
Section 13-1024 - Refunding Bonds
Section 13-1025 - Agreements to Enhance Marketability or to Provide Security; Investments in Bonds