clear space clear space clear space white space
A
 r c h i v e s   o f   M a r y l a n d   O n l i n e
  Maryland State Archives | Index | Help | Search search for:
clear space
white space
Session Laws, 1995
Volume 793, Page 1409   View pdf image
 Jump to  
  << PREVIOUS  NEXT >>
clear space clear space clear space white space

PARRIS N. GLENDENING, Governor                               Ch. 86

6-312.

(a)     If authorized by the Department of the Environment, the [Commission]
COUNTY may adopt regulations concerning the quantity and character of discharges by
industrial users into the sewerage system.

(b)     The [Commission] COUNTY may bring a civil action against any person who
violates a regulation adopted under this section and the court may impose a civil penalty
not exceeding $1,000 for each day that a violation exists.

(c)     A person who violates a regulation adopted under this section is guilty of a
misdemeanor and on conviction is subject to a fine not exceeding $1,000 for each day that
a violation exists.

6-401.

(a) (1) For the purpose of paying the cost of a project or projects in one or more
subdistricts, the [District] COUNTY may borrow money. The [District] COUNTY may
evidence that borrowing by the issuance of its bonds, which shall [be unconditionally
guaranteed as to payment of principal and interest by] CONSTITUTE A PLEDGE OF THE
FULL FAITH AND CREDIT AND UNLIMITED TAXING POWER OF the county, in the
manner set forth in this section. The [District] COUNTY may not issue these bonds if, by
their issuance, the total unpaid bonded indebtedness of the [District] COUNTY UNDER
THIS SECTION, less the amount of any sinking funds or reserves for payment of bonds
previously issued, exceeds 25 percent of the total assessed valuation of all of the property
in the [District] COUNTY that is subject to county taxation during the county's most
recent fiscal year.

(2)     The [Commission] COUNTY shall specify the date of each issue, its
interest rate, and its date of maturity. While the date of maturity may not exceed 40 years,
the [Commission] COUNTY may make it redeemable before maturity at prices and under
terms and conditions that the [Commission] COUNTY fixes before the issuance of the
bonds. The [Commission] COUNTY shall determine the form of the bonds, including any
interest coupons to be attached to them, and the manner of their execution. The
[Commission] COUNTY shall fix the denominations of the bonds and the places for the
payment of principal and interest, which may be at any bank or trust company.

(3)     If an officer whose signature, or facsimile, appears on any bonds or
coupons ceases to be an officer before the delivery of the bonds or becomes one after the
date of their issue, the signature or facsimile, is valid and sufficient for all purposes as if
the officer had remained in office until delivery or had held the office on the date of
issue.

(4)     Between successive holders, all bonds issued under this title, as between
successive holders, have all the qualities and incidents of negotiable instruments under
the negotiable instruments law of this State. The [Commission] COUNTY may issue the
bonds in coupon or in registered form, or both. Provision may be made for the
registration of any coupon bonds as to principal alone or as to both principal and interest,
and for the reconversion into coupon bonds of any bonds registered as to both principal

- 1409 -

 

clear space
clear space
white space

Please view image to verify text. To report an error, please contact us.
Session Laws, 1995
Volume 793, Page 1409   View pdf image
 Jump to  
  << PREVIOUS  NEXT >>


This web site is presented for reference purposes under the doctrine of fair use. When this material is used, in whole or in part, proper citation and credit must be attributed to the Maryland State Archives. PLEASE NOTE: The site may contain material from other sources which may be under copyright. Rights assessment, and full originating source citation, is the responsibility of the user.


Tell Us What You Think About the Maryland State Archives Website!



An Archives of Maryland electronic publication.
For information contact mdlegal@mdarchives.state.md.us.

©Copyright  October 11, 2023
Maryland State Archives