2266

LAWS OF MARYLAND

Ch. 240

(A)  EXEMPTION FOR DISTRICT.

EACH DISTRICT, ITS INCOME, ITS PROPERTY, AND ITS
INCORPORATION ARE EXEMPT FROM ANY STATE OR LOCAL TAXATION OR
ASSESSMENTS.

(B)  BONDS.

THE BONDS ISSUED UNDER THIS SUBTITLE, THEIR TRANSFER,
THE INTEREST PAYABLE ON THEM, AND ANY INCOME DERIVED FROM
THEM, INCLUDING ANY PROFIT REALIZED IN THEIR SALE OR
EXCHANGE, SHALL BE EXEMPT AT ALL TIMES FROM EVERY KIND AND
NATURE OF TAXATION BY THIS STATE OR BY ANY OF ITS POLITICAL
SUBDIVISIONS, MUNICIPAL CORPORATIONS, OR PUBLIC AGENCIES OF
ANY KIND.

(C)  EXEMPTION NOT APPLICABLE TO CERTAIN FEES.

WHEN MAKING REQUIRED FILINGS OF CORPORATE DOCUMENTS,
EACH DISTRICT MAY BE REQUIRED TO PAY THE USUAL:

(1) FILING FEES;

(2) RECORDING FEES; AND

(3) SERVICE CHARGES.

REVISOR'S NOTE: This section is new language derived
without substantive change from former Article
43, § 655.

9-609. RESERVED.

9-610. RESERVED.

PART II. CORPORATE STRUCTURE OF DISTRICT.

9-611. CREATION BY COUNTIES.

BY ORDINANCE OR RESOLUTION, THE GOVERNING BODY OF A
COUNTY OR THE GOVERNING BODIES OF 2 OR MORE COUNTIES MAY
CREATE A DISTRICT UNDER THIS SUBTITLE.

REVISOR'S NOTE: This section is new language derived
without substantive change from the first half of
the first sentence of former Article 43, § 646.

For an enumeration of the counties to which this
subtitle does not apply, see § 9-602 of this
subtitle.

9-612. ADOPTION OF ARTICLES OF INCORPORATION.

(A) IN GENERAL.