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§ 9-806. Bond provisions in resolution

MD Env Code § 9-806 (2019) (N/A)
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(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.

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§ 9-805. Authority to issue bonds; adoption of resolution
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§ 9-807. Contract with bondholder; covenants; judicial remedies