(a) The authorizing resolution may provide that the bonds shall contain a recital that they are issued under this subtitle. (b) The authorizing resolution shall state that the interest on bonds issued under this subtitle shall be payable twice a year. (c) The authorizing resolution or any subsequent resolution may provide that the bonds issued under this subtitle: (1) Be in 1 or more series; (2) Bear a certain date or dates; (3) Be executed in a certain manner; (4) Contain certain terms, covenants, and conditions; (5) Be in coupon or registered form, or both; (6) May mature at a certain time or times, but not later than 40 years from their respective dates of issuance; (7) Be payable in a certain medium of payment; (8) Be payable at a certain place or places; (9) Carry certain registration privileges; and (10) Be subject to certain terms of redemption.
Maryland Legal Code