Maryland § 9-685

§ 9-685.

    (a)    Before a district issues any bonds:

        (1)    The sanitary commission shall make the determinations required by this section; and

        (2)    After the sanitary commission makes the determinations, the district shall issue the bonds in accordance with the determinations.

    (b)    The sanitary commission:

        (1)    Shall determine the form of the bonds;

        (2)    Shall determine the manner of execution of the bonds;

        (3)    Shall determine the denominations of the bonds;

        (4)    Shall determine the place, which may be any bank or trust company, where the principal and interest of the bonds will be paid;

        (5)    Shall determine whether interest coupons will be attached to the bonds and, if so, the form of the coupons;

        (6)    May determine whether the bonds will be issued in:

            (i)    Coupon form;

            (ii)    Registered form; or

            (iii)    Coupon form and registered form;

        (7)    May determine whether coupon form bonds will be registered as to:

            (i)    Principal; or

            (ii)    Principal and interest;

        (8)    May determine a method for reconverting into coupon form bonds any bonds that are registered as to principal and interest;

        (9)    May determine whether the district will redeem bonds before maturity, and if so, shall specify:

            (i)    The terms and conditions the sanitary commission will impose as to redemption before maturity; and

            (ii)    The method the sanitary commission will use in determining the prices the district will pay to redeem bonds before maturity;

        (10)    Shall determine any other condition, term, or provision as to the bonds that the sanitary commission is required to make under this subtitle; and

        (11)    May determine any other condition, term, or provision as to the bonds that the sanitary commission is allowed to make under this subtitle.