WILLIAM DONALD SCHAEFER, Governor Ch. 624
(I) THE ACTUAL PRINCIPAL AMOUNT OF THE BONDS TO BE
ISSUED;
(II) THE ACTUAL RATE OR RATES OF INTEREST THE BONDS ARE
TO BEAR OR THE METHOD FOR DETERMINING THE SAME;
(III) THE MANNER IN WHICH AND THE TERMS UPON WHICH THE
BONDS ARE TO BE SOLD;
(IV) THE MANNER IN WHICH AND THE TIMES AND PLACES THAT
THE INTEREST ON THE BONDS IS TO BE PAID;
(V) THE TIME OR TIMES THAT THE BONDS MAY BE EXECUTED,
ISSUED, AND DELIVERED;
(VI) THE FORM AND TENOR OF THE BONDS AND THE
DENOMINATIONS IN WHICH THE BONDS MAY BE ISSUED;
(VII) THE MANNER IN WHICH AND THE TIMES AND PLACES THAT
THE PRINCIPAL OF THE BONDS IS TO BE PAID, WITHIN THE LIMITATIONS SET FORTH
IN THIS SUBSECTION;
(VIII) PROVISIONS PURSUANT TO WHICH ANY OR ALL OF THE
BONDS MAY BE CALLED FOR REDEMPTION PRIOR TO THEIR STATED MATURITY
DATES;
(IX) THE TERMS AND PROVISIONS OF ANY DEVELOPMENT
AGREEMENT TO BE EXECUTED BY THE MAYOR AND CITY COUNCIL OF BALTIMORE
AND ANY PERSON IN CONNECTION WITH THE ISSUANCE OF SUCH BONDS; AND
(X) ANY OTHER PROVISIONS NOT INCONSISTENT WITH THIS
SECTION, THE CHARTER AND APPLICABLE LAW AS SHALL BE DETERMINED BY THE
MAYOR AND CITY COUNCIL OF BALTIMORE OR THE BOARD OF FINANCE (AS THE
CASE MAY BE) TO BE NECESSARY OR DESIRABLE TO AFFECT THE FINANCING OR
REFINANCING OF THE PROPOSED UNDERTAKING.
(G) THE PRINCIPAL AMOUNT OF THE BONDS, THE INTEREST PAYABLE
THEREON, THEIR TRANSFER, AND ANY INCOME DERIVED THEREFROM, INCLUDING
ANY PROFIT MADE IN THE SALE OR TRANSFER THEREOF, SHALL BE EXEMPT FROM
TAXATION BY THE STATE OF MARYLAND AND BY THE SEVERAL COUNTIES AND
MUNICIPALITIES OF THE STATE OF MARYLAND BUT SHALL BE INCLUDED, TO THE
EXTENT REQUIRED UNDER TITLE 8, SUBTITLE 2 OF THE TAX - GENERAL ARTICLE OF
THE ANNOTATED CODE OF MARYLAND, AS AMENDED, REPLACED, OR
SUPPLEMENTED FROM TIME TO TIME, IN COMPUTING THE NET EARNINGS OF
FINANCIAL INSTITUTIONS.
(H) (1) ALL BONDS MAY BE IN BEARER FORM OR IN COUPON FORM OR MAY
BE REGISTRABLE AS TO PRINCIPAL ALONE OR AS TO BOTH PRINCIPAL AND
INTEREST. EACH OF THE BONDS SHALL BE DEEMED TO BE A "SECURITY" WITHIN
THE MEANING OF § 8-102 OF THE COMMERCIAL LAW ARTICLE OF THE ANNOTATED
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