HARRY HUGHES, Governor

1037

(2)  APPOINT ANY AGENT, INCLUDING AN AUTHENTICATING
TRUSTEE, CORPORATE TRUSTEE, PAYING AGENT, REGISTRAR, OR TRANSFER
AGENT;

(3)  IN CONNECTION WITH THE ESTABLISHMENT AND
MAINTENANCE OF A CENTRAL DEPOSITORY SYSTEM FOR THE TRANSFER OR
PLEDGE OF THE BONDS, MAKE AGREEMENTS WITH:

(I)  CUSTODIAN BANKS AND THEIR NOMINEES; OR

(II)  FINANCIAL INTERMEDIARIES AND THEIR
NOMINEES; AND

(4)  EXERCISE ANY OTHER POWER THAT RELATES TO ISSUANCE
OF BONDS IN REGISTERED FORM.

REVISOR'S NOTE: Subsection (a)(1) of this section is new
language added to state expressly that which was
formerly only implied. This addition is based on the
requirement that a notice of a public sale of bonds
state whether the "bonds will be in coupon or
registered form". See § 8-206(c)(2)(ix)l. of this
subtitle.

Subsections (a)(2) and (b) of this section are new
language that repeats the provisions of present Art.
31, § 30(a)(3) and (b).

In subsection (a)(2) of this section, the word
"adopted" is substituted for the present reference
"promulgated or proposed", for brevity and, since a
proposed regulation might not become effective,
clarity.

Also in subsection (a)(2) of this section, the present
specific reference to a "public general law" is
omitted as unnecessary in light of the broad reference
to "any other provision of law".

Also in subsection (a)(2) of this section, the present
phrases "as amended" and "as amended from time to
time" are omitted as unnecessary in light of Art. 1, §
21 of the Code.

In subsection (b)(1) of this section, the present
phrase "as it may find necessary or appropriate" is
omitted as unnecessary in light of the word "may" in
the introductory language of subsection (b) of this
section.

Defined terms: "Bond" § 8-201

"Includes";"including" § 1-101 "State unit" § 8-201

8-206. PUBLIC AND PRIVATE SALES OF BONDS.