(a) Before a district issues any bonds: (1) The sanitary commission shall make the determinations required by this section; and (2) After the sanitary commission makes the determinations, the district shall issue the bonds in accordance with the determinations. (b) The sanitary commission: (1) Shall determine the form of the bonds; (2) Shall determine the manner of execution of the bonds; (3) Shall determine the denominations of the bonds; (4) Shall determine the place, which may be any bank or trust company, where the principal and interest of the bonds will be paid; (5) Shall determine whether interest coupons will be attached to the bonds and, if so, the form of the coupons; (6) May determine whether the bonds will be issued in: (i) Coupon form; (ii) Registered form; or (iii) Coupon form and registered form; (7) May determine whether coupon form bonds will be registered as to: (i) Principal; or (ii) Principal and interest; (8) May determine a method for reconverting into coupon form bonds any bonds that are registered as to principal and interest; (9) May determine whether the district will redeem bonds before maturity, and if so, shall specify: (i) The terms and conditions the sanitary commission will impose as to redemption before maturity; and (ii) The method the sanitary commission will use in determining the prices the district will pay to redeem bonds before maturity; (10) Shall determine any other condition, term, or provision as to the bonds that the sanitary commission is required to make under this subtitle; and (11) May determine any other condition, term, or provision as to the bonds that the sanitary commission is allowed to make under this subtitle.
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