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Statutes Text

Article - Environment




§9–809.

    (a)    (1)    Any bond issued under this subtitle that bears the signatures of the officers in office on the date the bond is signed is a valid and binding obligation notwithstanding that:

            (i)    At the time of delivery of or payment for the bond, any or all of the signers are no longer officers of the municipality; or

            (ii)    Any proceeding that relates to the development of the sewerage facility for which the bond is issued is invalid or irregular.

        (2)    A signature may be by facsimile as provided in § 2-303 of the State Finance and Procurement Article.

    (b)    A recital in the bond that the bond is issued under this subtitle is conclusive evidence of:

        (1)    The validity of the bond; and

        (2)    The regularity of the issuance of the bond.



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