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Statutes Text

Article - Environment




§9–932.

    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.



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