HARRY HUGHES, Governor 2407
PROJECT, AND MAY CONTAIN ANY PROVISIONS FOR PROTECTING AND
ENFORCING THE RIGHTS AND REMEDIES OF THE BONDHOLDERS THAT
ARE REASONABLE AND PROPER AND NOT IN VIOLATION OF LAW,
INCLUDING COVENANTS SETTING FORTH THE DUTIES OF THE
AUTHORITY IN RELATION TO THE ACQUISITION, CONSTRUCTION,
IMPROVEMENT, MAINTENANCE, OPERATION, REPAIR, AND INSURANCE
OF THE PROJECT OR PROJECTS ON ACCOUNT OF WHICH THE BONDS ARE
ISSUED AND PROVISIONS FOR THE CUSTODY, SAFEGUARDING, AND
APPLICATION OF ALL MONEYS AND FOR THE EMPLOYMENT OF
CONSULTING ENGINEERS IN CONNECTION WITH THAT CONSTRUCTION,
RECONSTRUCTION, OR OPERATION. THE RESOLUTION OR TRUST
AGREEMENT MAY SET FORTH THE RIGHTS AND REMEDIES OF THE
BONDHOLDERS AND OF THE TRUSTEES IN THE CASE OF A TRUST
AGREEMENT, AND MAY RESTRICT THE INDIVIDUAL RIGHT OF ACTION
BY BONDHOLDERS AS IS CUSTOMARY IN TRUST AGREEMENTS OR TRUST
INDENTURES SECURING BONDS OR DEBENTURES OF CORPORATIONS.
THE RESOLUTION OR TRUST AGREEMENT ALSO MAY CONTAIN ANY OTHER
PROVISIONS THE AUTHORITY CONSIDERS REASONABLE AND PROPER FOR
THE SECURITY OF THE BONDHOLDERS. EXCEPT AS OTHERWISE
PROVIDED IN THIS SUBTITLE, THE AUTHORITY MAY PROVIDE FOR THE
PAYMENT OF THE PROCEEDS OF THE SALE OF THE BONDS AND ITS
REVENUES TO ANY OFFICER, BOARD, OR DEPOSITARY AS IT
DESIGNATES FOR THE CUSTODY OF THOSE PROCEEDS AND REVENUES,
AND FOR THE METHOD OF DISBURSEMENT OF THOSE PROCEEDS AND
REVENUES WITH SUCH SAFEGUARDS AND RESTRICTIONS AS THE
AUTHORITY DETERMINES. ALL EXPENSES INCURRED IN CARRYING OUT
THE PROVISIONS OF THE RESOLUTION OR TRUST AGREEMENT MAY BE
TREATED AS A PART OF THE COST OF OPERATION OF THE PROJECT OR
PROJECTS.
REVISOR'S NOTE: This section formerly appeared as
Article 43, § 456.
The only changes are in style.
9-913. CONNECTION OF ABUTTING LANDOWNER TO SANITARY SEWER.
ON THE ACQUISITION OR CONSTRUCTION OF ANY SEWERAGE
SYSTEM UNDER THIS SUBTITLE, THE OWNER OF EACH LOT OR PARCEL
OF LAND THAT ABUTS ON A STREET OR OTHER PUBLIC WAY THAT
CONTAINS A SANITARY SEWER THAT IS A PART OF OR IS SERVED OR
MAY BE SERVED BY THE SEWERAGE SYSTEM AND ON WHICH LOT OR
PARCEL OF LAND A BUILDING HAS BEEN CONSTRUCTED FOR
RESIDENTIAL, COMMERCIAL, OR INDUSTRIAL USE, SHALL, IF
REQUIRED BY THE RULES AND REGULATIONS OR A RESOLUTION OF THE
AUTHORITY, CONNECT THE BUILDING WITH THE SANITARY SEWER, AND
SHALL STOP USING ANY OTHER METHOD FOR THE DISPOSAL OF
SEWAGE, SEWAGE WASTE, OR OTHER POLLUTING MATTER. HOWEVER,
THE OWNER OF A LOT OR PARCEL OF LAND HAVING A METHOD FOR THE
DISPOSAL OF SEWAGE, SEWAGE WASTE, OR OTHER POLLUTING MATTER
CONSTRUCTED AND OPERATED IN ACCORDANCE WITH STANDARDS
PRESCRIBED OR APPROVED BY THE SECRETARY MAY NOT BE REQUIRED
TO CONNECT THE BUILDING WITH THE SANITARY SEWER. ALL
CONNECTIONS SHALL BE MADE IN ACCORDANCE WITH THE RULES AND
REGULATIONS OF THE AUTHORITY. THE RULES AND REGULATIONS MAY
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