(a) If an authority considers it necessary, the authority may include any limitation or restriction on the issuance of additional bonds:
(1) In the resolution that provides for the issuance of bonds of the authority; or
(2) In any trust agreement that secures the bonds.
(b) If a resolution or trust agreement places any limitation or restriction on the issuance of additional bonds, the authority shall honor the limitation or restriction when the authority issues additional 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