Section 9-932 - Power to issue and secure bonds. - Maryland Statutes

§ 9-932. Power to issue and secure bonds.
 

By resolution of its board of directors, an authority may: 

(1) Issue bonds of the authority; 

(2) Secure the payment of the bonds by pledge or deed of trust of all or any part of the revenue of the authority; 

(3) Either before or after the issuance of bonds, make any agreement that the authority considers advisable with: 

(i) A purchaser or holder of the bonds; or 

(ii) Any other person in connection with the bonds; and 

(4) Provide generally for: 

(i) The security for the bonds; and 

(ii) The rights of the holders of the bonds. 
 

[1985, ch. 173, § 2.]