Current with changes from the 2024 Legislative Session
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.