By resolution, the Board may provide that the State bonds authorized by an enabling act: (1) be in 1 or more series; (2) bear a certain date of issue; (3) be executed in a certain manner; (4) be sold in a certain manner at public or private, negotiated sale; (5) be in certain denominations, not necessarily in equal paramounts; (6) mature in certain amounts at certain times, not necessarily in consecutive annual installments, but not later than 15 years after their respective dates of issue; (7) bear interest at certain rates or at rates to be determined in the manner stated in the resolution; and (8) be paid, as to principal and interest, at certain places.
Maryland Legal Code