Bonds issued under this subtitle shall: (1) Be dated; (2) Bear interest at the rate or rates that the sanitary commission determines; (3) Bear the seal of the district; (4) Be signed for the district; (5) Bear maturity dates that: (i) Are determined by the sanitary commission; and (ii) Are not more than 40 years from the date of issue; and (6) Subject to the limitation on liability of each member county of a multiple county district under § 9-696 of this subtitle, be endorsed by each member county as follows: 'The payment of interest when due and the principal at maturity is guaranteed by .......... (name of member county), Maryland'.
Maryland Legal Code