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Current as of January 01, 2025 | Updated by Findlaw Staff
Bonds issued under this subtitle shall:
(1) Be dated;
(2) Bear interest at the rate or rates that the sanitary commission determines;
(3) Bear the seal of the district;
(4) Be signed for the district;
(5) Bear maturity dates that:
(i) Are determined by the sanitary commission; and
(ii) Are not more than 40 years from the date of issue; and
(6) Subject to the limitation on liability of each member county of a multiple county district under § 9-696 of this subtitle, be endorsed by each member county as follows: “The payment of interest when due and the principal at maturity is guaranteed by .......... (name of member county), Maryland”.
Cite this article: FindLaw.com - Maryland Code, Environment § 9-686 - last updated January 01, 2025 | https://codes.findlaw.com/md/environment/md-code-envir-sect-9-686/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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