Section 4-301 - General power to borrow money and issue evidences of obligation. - Maryland Statutes

§ 4-301. General power to borrow money and issue evidences of obligation.
 

By one or more resolutions, the Authority may: 

(1) Finance the cost of transportation facilities projects; 

(2) Borrow money from time to time for that purpose; and 

(3) Evidence the borrowing by the issuance and sale of revenue bonds, notes, or other evidences of obligation on the terms, conditions, and limitations contained in this subtitle. 
 

[An. Code 1957, art. 94A, § 2; 1977, ch. 13, § 2.]