Section 9-813 - Refunding revenue bonds. - Maryland Statutes

§ 9-813. Refunding revenue bonds.
 

(a)  Purpose.- Any municipality may issue refunding bonds to refund, pay, or discharge the principal and interest on all or any part of the outstanding bonds: 

(1) Issued by the municipality to finance the development of all or part of the sewerage facility; and 

(2) In arrears or about to become due. 

(b)  Bond provisions applicable.- The provisions of this subtitle that concern authorization and issuance of bonds apply to authorization and issuance of refunding bonds. 
 

[An. Code 1957, art. 43, § 438; 1982, ch. 240, § 2.]