|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ch. 601
|
|
|
|
|
|
2000 LAWS OF MARYLAND
|
|
|
|
|
|
|
|
|
|
|
|
|
|
trustee or bondholders in any manner to sell or otherwise divest the County of its title
to any project or projects financed with the proceeds of [any such] THE bonds,
without the prior written consent of the County. Subject to the foregoing limitation,
any [such] trust indenture may contain covenants for the protection of bondholders,
relating to all or any of the following: (1) the nature, extent and procedure for
acquiring or constructing any project or projects and the supervision [thereof] OF
THE PROJECT OR PROJECTS; (2) the maintenance and operation of any [such] project
or projects, and the supervision [thereof] OF THE PROJECT OR PROJECTS, the
employment of consulting engineers, auditors, attorneys and other experts in
connection with any [such] acquisition, construction, maintenance or operation; (3)
the terms and provisions of the bonds and the securing of the proceeds [thereof] OF
THE BONDS, the imposition and collection of assessments, charges and rentals for the
use of any [such] project or projects and the use, application and security of any
revenues so collected, including the establishment, deposit and securing from any
[such] revenues for debt service on, or prior redemption of, any [such] revenue
bonds, or for the maintenance, operation and improvement of any [such] project or
projects; (4) the insurance of any [such] project or projects; (5) the issuance of
additional revenue bonds for any [such] project or projects and the limitations
[thereon]; (6) the powers, duties and indemnification of any trustee, or its successor,
party to any [such] trust indenture; (7) the rights and remedies of [said] THE trustee
and of bondholders in the event of any default by the County under any [such] trust
indenture, which rights and remedies may include the taking over of any operation by
[said] THE trustee or by a receiver appointed by a court of competent jurisdiction of
the project or projects financed with the proceeds of any [such] issue or revenue
bonds secured by [such] THE trust indenture, and the [marshalling] MARSHALING of
the revenues from any [such] project or projects for the use and benefit of
bondholders. In addition to the covenants enumerated above but subject to the
limitations [herein] contained IN THIS TITLE, the County is [hereby] authorized and
empowered to make [such] further additional covenants in any [such] trust
indenture, of like or different character as, in its judgment, may be necessary,
convenient or desirable for the better security of any issue of its revenue bonds
secured by any [such] trust indenture or as will, in its judgment, tend to make any
[such] bonds more marketable.
[15-17A.] 14-604. Refunding bonds.
(a) The Board may provide for the issuance of the County's bonds under this
[subtitle] TITLE at any time or times for the purpose of refunding any bonds of (1) the
District, a body politic and corporate created by the County pursuant to the provisions
of [Sections 645 to 673, inclusive, of Article 43 of the Annotated Code of Maryland
(1957 Edition, as amended and supplemented from time to time)] TITLE 9 OF THE
ENVIRONMENT ARTICLE OF THE ANNOTATED CODE OF MARYLAND; (2) the
Commission; and (3) the County, acting pursuant to this [subtitle] TITLE, which are
then outstanding, including the payment of any redemption premium [thereon] and
any interest accrued or to accrue to the earliest or any subsequent date of redemption,
purchase or maturity of the bonds. The authority of the Board to provide for the
issuance of the County's bonds under this section shall be deemed to be in addition to
any powers provided in Section 24 of Article 31 of the Annotated Code of Maryland.
Refunding bonds may be issued for any corporate purposes including, without
|
|
|
|
|
|
|
|
|
|
- 3184 -
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
 |
