Maryland Statutes
Part III - Authorization and Implementation
Section 8-120 - Resolution of Board -- Specific Provisions

By resolution, the Board may provide that the State bonds authorized by an enabling act:
        (1)    be in 1 or more series;
        (2)    bear a certain date of issue;
        (3)    be executed in a certain manner;
        (4)    be sold in a certain manner at public or private, negotiated sale;
        (5)    be in certain denominations, not necessarily in equal paramounts;
        (6)    mature in certain amounts at certain times, not necessarily in consecutive annual installments, but not later than 15 years after their respective dates of issue;
        (7)    bear interest at certain rates or at rates to be determined in the manner stated in the resolution; and
        (8)    be paid, as to principal and interest, at certain places.

Structure Maryland Statutes