Maryland Statutes
Subtitle 8 - Sewerage Facilities Bond Act
Section 9-806 - Bond Provisions in Resolution

(a)    The authorizing resolution may provide that the bonds shall contain a recital that they are issued under this subtitle.
    (b)    The authorizing resolution shall state that the interest on bonds issued under this subtitle shall be payable twice a year.
    (c)    The authorizing resolution or any subsequent resolution may provide that the bonds issued under this subtitle:
        (1)    Be in 1 or more series;
        (2)    Bear a certain date or dates;
        (3)    Be executed in a certain manner;
        (4)    Contain certain terms, covenants, and conditions;
        (5)    Be in coupon or registered form, or both;
        (6)    May mature at a certain time or times, but not later than 40 years from their respective dates of issuance;
        (7)    Be payable in a certain medium of payment;
        (8)    Be payable at a certain place or places;
        (9)    Carry certain registration privileges; and
        (10)    Be subject to certain terms of redemption.

Structure Maryland Statutes