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Section 3-201 - General Power to Borrow Money and Issue Evidences of Obligation — Maryland Law | CourtGPT
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  7. Section 3-201 - General Power to Borrow Money and Issue Evidences of Obligation
Maryland Legal Code

Section 3-201 - General Power to Borrow Money and Issue Evidences of Obligation

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By one or more resolutions of the Secretary, the Department may: (1) Finance the cost of transportation facilities; (2) Borrow money from time to time for that purpose; and (3) Evidence the borrowing by the issuance and sale of bonds, notes, or other evidences of obligation on the terms, conditions, and limitations contained in this subtitle.