(a) (1) Any bond issued under this subtitle that bears the signatures of the officers in office on the date the bond is signed is a valid and binding obligation notwithstanding that:
(i) At the time of delivery of or payment for the bond, any or all of the signers are no longer officers of the municipality; or
(ii) Any proceeding that relates to the development of the sewerage facility for which the bond is issued is invalid or irregular.
(2) A signature may be by facsimile as provided in § 2-303 of the State Finance and Procurement Article.
(b) A recital in the bond that the bond is issued under this subtitle is conclusive evidence of:
(1) The validity of the bond; and
(2) The regularity of the issuance of the bond.
Structure Maryland Statutes
Title 9 - Water, Ice, and Sanitary Facilities
Subtitle 8 - Sewerage Facilities Bond Act
Section 9-802 - Construction of Subtitle
Section 9-803 - Legislative Policy
Section 9-804 - Powers of Municipality
Section 9-805 - Authority to Issue Bonds; Adoption of Resolution
Section 9-806 - Bond Provisions in Resolution
Section 9-807 - Contract With Bondholder; Covenants; Judicial Remedies
Section 9-809 - Validity of Bonds
Section 9-810 - Payment of Bonds and Interest
Section 9-811 - Sewerage Facilities to Be Self-Supporting
Section 9-812 - Disposition of Revenue From Sewerage Facilities