By resolution of its board of directors, an authority may:
(1) Issue bonds of the authority;
(2) Secure the payment of the bonds by pledge or deed of trust of all or any part of the revenue of the authority;
(3) Either before or after the issuance of bonds, make any agreement that the authority considers advisable with:
(i) A purchaser or holder of the bonds; or
(ii) Any other person in connection with the bonds; and
(4) Provide generally for:
(i) The security for the bonds; and
(ii) The rights of the holders of the bonds.
Structure Maryland Statutes
Title 9 - Water, Ice, and Sanitary Facilities
Subtitle 9 - Water and Sewer Authorities
Part IV - Bonds of Authorities
Section 9-928 - Purpose of Bonds
Section 9-929 - Nonapplicability of Other Laws
Section 9-930 - Bonds Not Pledge of Faith and Credit of State or Political Subdivision
Section 9-931 - Bonds Constitute Legal Investments
Section 9-932 - Power to Issue and Secure Bonds
Section 9-933 - Issuance and Sale of Bonds -- Generally
Section 9-935 - Temporary and Lost Bonds
Section 9-936 - Limitations on Issuance of Additional Bonds
Section 9-937 - Refunding Bonds; Joint Cost and Refunding Bonds
Section 9-938 - Securing Bonds by Resolution or Trust Agreement
Section 9-939 - Contents and Effect of Resolution or Trust Agreement
Section 9-940 - Holder of Bonds May Protect and Enforce Rights
Section 9-941 - Principal and Interest; Maturity; Form; Negotiability; Registration; Reconversion