(a) If any officer whose signature or a facsimile of whose signature appears on any bonds or notes ceases to be the officer before the delivery of the bonds or notes, the signature or facsimile is nevertheless valid and sufficient for all purposes as if he had remained in office until delivery.
(b) Notwithstanding any other provision of this title or any recitals in any bonds and notes issued hereunder, all bonds and notes shall be deemed to be negotiable instruments under the laws of the State.
(c) The bonds may be issued in registered form or in such other form as determined by the Board. Provision may also be made for the replacement of bonds which become mutilated or are lost or destroyed.
(d) The bonds and notes are exempt from the provisions of §§ 8–206 and 8–208 of the State Finance and Procurement Article. The Service may sell its bonds and notes in the manner, either at public or at private sale, and for the price it determines.
(e) The bonds and notes may be issued by the Service without obtaining the consent of any unit of the State government, and without any other proceedings or the happening of any other conditions or things than those specifically required hereunder.
Structure Maryland Statutes
Title 3 - Environmental Programs
Subtitle 1 - Maryland Environmental Service
Section 3-102 - Legislative Intent; Purpose; Construction
Section 3-103 - Established; Organization
Section 3-103.2 - Exemption From State Personnel Management System
Section 3-103.3 - Conflict of Interest Policy for Board Members -- Copies Supplied
Section 3-104 - Powers Generally; Corporate Existence
Section 3-105 - Responsibilities and Activities; Limitation Upon Powers
Section 3-107 - Mandatory Agreement to Provide Requested Services
Section 3-109 - Projects to Be Provided Upon Direction of Secretary of the Environment
Section 3-111 - Duplicating or Using Projects Similar to Service Provided Projects
Section 3-112 - Authority to Issue Revenue Bonds and Determine Matters Relating Thereto
Section 3-113 - Provisions Applicable to All Bonds
Section 3-114 - Source of Payment of Bonds
Section 3-115 - Issuance of Refunding Bonds and Renewal Notes; Payment to Holders of Bonds and Notes
Section 3-117 - Trust Agreements; Disposition of Proceeds
Section 3-118 - Revenues -- in General
Section 3-119 - Revenues -- Trust Funds
Section 3-120 - Remedies of Bondholders and Trustees
Section 3-121 - Bonds and Notes Are Legal Investments
Section 3-123 - Service Exempt From Taxation; Bonds and Notes of Service Exempt From Taxation
Section 3-125 - Liens Created in Favor of Service or Municipality
Section 3-126 - Financial Affairs Generally
Section 3-127 - Rules and Regulations Generally
Section 3-128 - Arbitration; Scope of Authority of Public Service Commission