Section 13-1018 – Bond Issues
(a) Subject to this part, the Authority may at any time and from time to time issue bonds for any corporate purpose, including the establishment of reserves and the payment of interest. (b) The Authority: (1) Shall by resolution authorize any bonds that it issues; and (2) May secure the bonds by a trust agreement between the Authority and […]
Section 13-1019 – Bonds Payable From Receipts of Authority
The bonds of any issue shall be payable solely from the property or receipts of the Authority, including, without limitation: (1) Fees, charges, or other revenues payable to the Authority; (2) Payments by financial institutions, insurance companies, or others pursuant to letters or lines of credit, policies of insurance, or purchase agreements; (3) Investment earnings from funds or […]
Section 13-1020 – Requirements of Bonds Issued
The bonds that the Authority issues shall: (1) Be issued at, above, or below par value, for cash or other valuable consideration, and mature at a time or times, whether as serial bonds or as term bonds or both, not exceeding the maturity date established by the Authority; (2) Bear interest at the fixed or variable rate […]
Section 13-1021 – Resolutions or Trust Agreements
(a) Any resolution or trust agreement the Authority adopts or enters into under § 13-1018(b) of 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 Authority or all or a portion of the proceeds or benefits of any contract and […]
Section 13-1022 – Pledge of Revenues as Security for Issue of Bonds
(a) A pledge by the Authority 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 Authority. (b) (1) The revenues that the Authority pledges are immediately subject to the lien of the pledge without any physical delivery or further act. […]
Section 13-1023 – Liability; Enforcement of Rights
(a) No member of the Authority nor any person executing the bonds shall be 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 13-1008.1 – Motor Vehicle Parking Regulations
(a) The Authority may adopt and enforce regulations for the parking of motor vehicles in and on any facilities or property the Authority owns or controls. (b) The regulations shall: (1) Be reasonably necessary for the efficient operation of facilities or property owned or controlled by the Authority; (2) Provide for a uniform system for accessible parking for individuals […]
Section 13-1009 – Property Interests
(a) This section does not affect the right of the Authority to acquire an option or institute any condemnation proceeding for later acquisition of property once the approval required by this section occurs. (b) (1) Subject to annual appropriations and this subtitle, the Authority may acquire in its own name, by gift, purchase, or condemnation, any real or […]
Section 13-1010 – Duties of Authority
The Authority shall: (1) Administer the Heritage Area in accordance with this subtitle; (2) Subject to § 13-1011 of this subtitle, develop a management plan for the Heritage Area; (3) Preserve or assist in the preservation of buildings, structures, and settings of historic value in the Heritage Area; (4) Conduct activities to educate the public about the history and […]
Section 13-1011 – Management Plan — Contents
Subject to § 13-1012 of this subtitle, within 18 months after the date on which the Authority conducts its first meeting, the Authority shall develop and submit to the Maryland Historical Trust a management plan that: (1) Specifies the goals and objectives for the preservation, development, and management of the Heritage Area; (2) Provides an inventory of […]