General power to borrow money and issue evidences of obligation

  1. Law
  2. Maryland Code
  3. Transportation
  4. Financing by Department
  5. Consolidated Transportation Bonds
  6. General power to borrow money and issue evidences of obligation

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    By one or more resolutions of the Secretary, the Department may:

        (1)    Finance the cost of transportation facilities;

        (2)    Borrow money from time to time for that purpose; and

        (3)    Evidence the borrowing by the issuance and sale of bonds, notes, or other evidences of obligation on the terms, conditions, and limitations contained in this subtitle.


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