By resolution of its board of directors, an authority may: (1) Issue bonds of the authority; (2) Secure the payment of the bonds by pledge or deed of trust of all or any part of the revenue of the authority; (3) Either before or after the issuance of bonds, make any agreement that the authority considers advisable with: (i) A purchaser or holder of the bonds; or (ii) Any other person in connection with the bonds; and (4) Provide generally for: (i) The security for the bonds; and (ii) The rights of the holders of the bonds.
Maryland Legal Code