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Session Laws, 1981
Volume 741, Page 38   View pdf image
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38

LAWS OF MARYLAND

Ch. 2

issuance of additional parity bonds upon conditions stated
therein consistent with the requirements of this [article]
SUBTITLE. All expenses incurred in carrying out the
provisions of any such trust agreement may be treated as a
part of the cost of any project or projects in connection
with which such bonds shall have been issued.

3-912.

(b) In cases where the character of the waste from any
source is such that [is] IT imposes an unreasonable burden
upon any project, an additional charge may be made therefor,
or the Authority may, if it deems advisable, require that
such waste be treated or processed in such manner as shall
be specified by the Authority prior to the deposit of such
waste at the project. Such rentals and other rates, fees,
and charges shall not be subject to supervision or
regulation by any department, division, commission, board,
bureau, or agency of the State or any political subdivision
thereof.

(d) Without in any way limiting or restricting the
effect or application thereof, the provisions of this
subtitle are intended and shall be construed to authorize
the Authority to finance any project or projects or any
combination of projects by any combination of issues or
series of bonds which shall be secured by the pledge of the
net or gross (or combination thereof) revenues from any
project or projects or combination of projects, designated
by [an] A resolution authorizing the issuance of such bonds
or by any trust agreement securing such bonds.

3-914.

Bonds are hereby made securities in which all public
officers and public bodies of the State of Maryland and its
political subdivisions and all banks, trust companies,
savings and loan associations, investment companies and
others carrying on a banking business, all insurance
companies and insurance associations and others carrying on
an insurance business, all personal representatives,
executors, administrators, guardians, trustees and other
fiduciaries, and all other persons may legally and properly
invest funds, including capital in their control or
belonging to them. Such bonds are hereby made securities
which may properly and legally be deposited with and
received by [an] A State or municipal officer or any agency
or political subdivision of the State for any purpose for
which the deposit of bonds or other obligations of the State
is now or may hereafter be authorized by law.

3-915.

The bonds shall not be deemed to constitute a debt,
liability or a pledge of the faith and credit of the State
of Maryland or of any political subdivision thereof other
than the Authority, but such bonds shall be payable solely

 

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Session Laws, 1981
Volume 741, Page 38   View pdf image
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