3190

LAWS OF MARYLAND

Ch. 871

(4)  THE FORM OR FORMS, DENOMINATION OR
DENOMINATIONS, MANNER OF EXECUTION AND THE PLACE OR PLACES
OF PAYMENT THEREOF AND OF THE INTEREST THEREON, WHICH MAY BE
AT ANY BANK OR TRUST COMPANY WITHIN OR WITHOUT THIS STATE;

(5)  WHETHER SUCH BONDS OR ANY PART THEREOF SHALL
BE MADE REDEEMABLE BEFORE MATURITY AND, IF SO, UPON WHAT
TERMS, CONDITIONS, AND PRICES; AND

(6)  ANY OTHER MATTER RELATING TO THE FORMS,
TERMS, CONDITIONS, ISSUANCE, AND SALE THEREOF.

8. 3-708.

(A)  IN CASE ANY OFFICER WHOSE SIGNATURE OR A FACSIMILE
OF WHOSE SIGNATURE APPEARS ON ANY BONDS OR COUPONS SHALL
CEASE TO BE SUCH OFFICER BEFORE THE DELIVERY OF SUCH BONDS,
SUCH SIGNATURE OR SUCH FACSIMILE SHALL NEVERTHELESS BE VALID
AND SUFFICIENT FOR ALL PURPOSES THE SAME AS IF HE HAD
REMAINED IN OFFICE UNTIL SUCH DELIVERY.

(B)  NOTWITHSTANDING ANY OTHER PROVISIONS OF THIS
ARTICLE SUBTITLE OR ANY RECITALS IN ANY BONDS ISSUED
HEREUNDER, ALL SUCH BONDS SHALL BE DEEMED TO BE NEGOTIABLE
INSTRUMENTS UNDER THE LAWS OF THIS STATE.

(C)  THE BONDS MAY BE ISSUED IN COUPON OR IN REGISTERED
FORM OR BOTH, AND PROVISION MAY BE MADE FOR THE REGISTRATION
OF ANY COUPON BONDS AS TO PRINCIPAL ALONE AND ALSO AS TO
BOTH PRINCIPAL AND INTEREST, FOR THE RECONVERSION INTO
COUPON BONDS OF ANY BONDS REGISTERED AS TO BOTH PRINCIPAL
AND INTEREST, AND FOR THE INTERCHANGE OF COUPON AND
REGISTERED BONDS. PROVISION MAY ALSO BE MADE FOR THE
REPLACEMENT OF BONDS WHICH BECOME MUTILATED OR ARE STOLEN,
LOST OR DESTROYED.

(D)  THE BONDS SHALL BE EXEMPT FROM THE PROVISIONS OF
SECTIONS 10 AND 11 OF ARTICLE 31 OF THE ANNOTATED CODE OF
MARYLAND, AND THE AUTHORITY MAY SELL SUCH BONDS IN SUCH
MANNER, EITHER AT PUBLIC OR AT PRIVATE SALE, AND FOR SUCH
PRICE AS IT MAY DETERMINE.

9. 3-709.

(A) THE AUTHORITY IS HEREBY AUTHORIZED TO PROVIDE FOR
THE ISSUANCE OF ITS BONDS FOR THE PURPOSE OF REFUNDING ANY
BONDS OF THE AUTHORITY THEN OUTSTANDING, INCLUDING THE
PAYMENT OF ANY REDEMPTION PREMIUM THEREON AND ANY INTEREST
ACCRUED OR TO ACCRUE TO THE EARLIEST OR ANY SUBSEQUENT DATE
OF REDEMPTION, PURCHASE OR MATURITY OF SUCH BONDS, AND, IF
DEEMED ADVISABLE BY THE AUTHORITY, FOR THE ADDITIONAL
PURPOSE OF PAYING ALL OR ANY PART OF THE COST OF A PROJECT
OR ANY PORTION THEREOF. REFUNDING BONDS MAY BE ISSUED IN
THE DISCRETION OF THE AUTHORITY FOR ANY CORPORATE PURPOSE,
INCLUDING (WITHOUT LIMITATION) THE PUBLIC PURPOSES OF
REALIZING SAVINGS IN THE EFFECTIVE COSTS OF DEBT SERVICE,
DIRECTLY OR THROUGH A DEBT RESTRUCTURING, OR ALLEVIATING AN