Section 24-706 – Regulations
The Center shall adopt regulations to implement the provisions of this subtitle.
Section 24-519 – Resolution or Trust Agreements
(a) Any resolution or trust agreement the Commission adopts or enters into under this subtitle may contain provisions that: (1) Pledge, assign, or direct the use, investment, or disposition of all or a portion of the receipts of the Commission or all or a portion of the proceeds or benefits of any contract and convey or otherwise […]
Section 24-520 – Pledge of Revenues as Security
(a) A pledge by the Commission of revenues as security for an issue of bonds shall be valid and binding from the time when the documents evidencing the pledge are executed by the Commission. (b) (1) The revenues that the Commission pledges may be made immediately subject to the lien of the pledge without any physical delivery or […]
Section 24-521 – Liability; Protection and Enforcement of Rights
(a) A member of the Commission, or any person executing the bonds, is not liable personally on the bonds or subject to any personal liability by reason of the issuance of the bonds. (b) Except as otherwise provided by an applicable resolution or trust agreement, a holder of bonds issued under this subtitle, or a trustee acting […]
Section 24-522 – Refunding Bonds
(a) The Commission may issue bonds to refund any of its bonds then outstanding, including the payment of any redemption premium and any interest accrued or to accrue to the earliest or any subsequent date of redemption, purchase, or maturity of the bonds. (b) Refunding bonds may be issued: (1) (i) For the public purposes of realizing savings in […]
Section 24-523 – Enhancing Marketability of Bonds
(a) The Commission may enter into agreements with agents, banks, insurers, or others for the purpose of enhancing the marketability of, or as a security for, its bonds. (b) Any financial institution, investment company, insurance company or association, and any personal representative, guardian, trustee, or other fiduciary, may legally invest any money belonging to them or within […]
Section 24-524 – Exemption From Taxation
(a) The bonds of the Commission, their transfer, the interest payable on them, and any income derived from them, including any profit realized in their sale or exchange, are exempt at all times from every kind of taxation by this State or by any of its political subdivisions, municipal corporations, or public agencies. (b) (1) Subject to paragraph […]
Section 24-525 – Construction; Short Title
(a) This subtitle shall be liberally construed to effect its purposes. (b) This subtitle may be cited as the “Historic St. Mary’s City Commission Act”.
Section 24-510 – Officers and Employees
(a) (1) The Commission shall appoint an executive director and such additional professional, administrative, and clerical personnel as it considers necessary to carry out the purposes of this subtitle. (2) The Commission shall employ or contract with such other consultants, accountants, engineers, architects, or financial advisors as it deems prudent to the carrying out of the purposes of […]
Section 24-203 – Chairman and Vice Chairman; Meetings
(a) The Governor shall designate from among the members of the Commission a chairman and a vice chairman. (b) The Commission shall determine the time and place of its meetings and may adopt rules for the conduct of its meetings.