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106 LAWS OF MARYLAND Ch. 13
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REVISOR'S NOTE: This subsection presently appears as
Art. 94A, §1(h).
The present reference to the Department is
deleted as unnecessary for purposes of this
title; in this regard, see, also, revisor's
note to this section, and §3-101(g) of this
article.
The only other changes are in style.
(E) REFUNDING.
"REFUNDING" MEANS THE RETIREMENT AND CANCELLATION
OF BONDS, INCLUDING REVENUE BONDS OF PRIOR ISSUES, AFTER
THEIR ACQUISITION BY OR FOR THE AUTHORITY, WHETHER
BEFORE, AT, OR AFTER MATURITY, EITHER IN EXCHANGE FOR
OTHER BONDS OR BY PAYMENT, PURCHASE, OR REDEMPTION WITH
THE PROCEEDS OF THE SALE OF OTHER BONDS.
REVISOR'S NOTE: This subsection presently appears as
Art. 94A, §1(k).
Present references to "bonds of prior issues"
and to the Department are deleted as
unnecessary for purposes of this title; in
this regard, see, also, revisor's note to this
section, and §3-101(j) of this article.
The only other changes are in style.
(F) RESOLUTION.
"RESOLUTION", AS USED WITH RESPECT TO THE
AUTHORITY, MEANS A RESOLUTION ADOPTED BY THE AFFIRMATIVE
VOTE OF A MAJORITY OF THE APPOINTED MEMBERS OF THE
AUTHORITY AND CONCURRED IN BY THE CHAIRMAN.
REVISOR'S NOTE: This subsection presently appears as
Art. 94A, §1(1).
The term "duly", which presently modifies
"adopted", is deleted as superfluous.
Ihe term "Chairman" is substituted for
"Secretary"; although under §4-202 (a) of this
title they are the same person, it would be in
The Secretary's capacity as Chairman that he
would concur in a resolution of the Authority.
The only other changes are in style.
(G) REVENUE BONDS OF PRIOR ISSUES.
"REVENUE BONDS OF PRIOR ISSUES" MEANS:
(1) "STATE OF MARYLAND BRIDGE AND TUNNEL
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