2388

LAWS OF MARYLAND

Ch. 240

9-901. DEFINITIONS.

(A)

IN THIS SUBTITLE THE FOLLOWING WORDS HAVE THE MEANINGS
INDICATED.

REVISOR'S NOTE: This subsection formerly appeared as
the introductory language of Article 43, § 445.

The only changes are in style.

(B) AUTHORITY.

"AUTHORITY" MEANS A BODY POLITIC AND CORPORATE CREATED
UNDER THIS SUBTITLE, OR, IF THAT BODY POLITIC AND CORPORATE
IS ABOLISHED, THE BOARD, BODY, OR COMMISSION SUCCEEDING TO
THE PRINCIPAL FUNCTIONS OF THAT BODY POLITIC AND CORPORATE
OR TO WHICH THE POWERS GIVEN BY THIS SUBTITLE TO THAT BODY
POLITIC AND CORPORATE ARE GIVEN BY LAW.

REVISOR'S NOTE: This subsection formerly appeared as
Article 43, § 445(a).

The only changes are in style.

(C)  BOARD.

"BOARD" MEANS THE GOVERNING BODY OF AN AUTHORITY.

REVISOR'S NOTE: This section formerly appeared as
Article 43, § 445(b).

The only changes are in style.

(D)  BONDS.

"BONDS" MEANS NOTES, BONDS, OR OTHER EVIDENCES OF
INDEBTEDNESS OR OBLIGATIONS THAT AN AUTHORITY IS AUTHORIZED
TO ISSUE PURSUANT TO § 9-908 OF THIS SUBTITLE.

REVISOR'S NOTE: This subsection formerly appeared as
Article 43, § 445(c).

The only changes are in style.

(E)  COST.

"COST", AS APPLIED TO A WATER SYSTEM OR A SEWERAGE
SYSTEM, MEANS THE PURCHASE PRICE OF THE SYSTEM OR THE COST
OF ACQUIRING ALL OF THE CAPITAL STOCK OF THE CORPORATION
OWNING THE SYSTEM AND THE AMOUNT TO BE PAID TO DISCHARGE ALL
OF ITS OBLIGATIONS IN ORDER TO VEST TITLE TO THE SYSTEM OR
ANY PART OF THE SYSTEM IN THE AUTHORITY, THE COST OF