Maryland Code § NR-3-908

Section NR-3-908
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(a) In case any officer whose signature or a facsimile of whose signature
appears on any bonds or coupons shall cease to be such officer before the delivery of
such bonds, such signature or such facsimile shall nevertheless be valid and sufficient
for all purposes the same as if he had remained in office until such delivery.
(b) Notwithstanding any other provisions of this subtitle or any recitals in
any bonds issued hereunder, all such bonds shall be deemed to be negotiable
instruments under the laws of this State.
(c) The bonds may be issued in coupon or in registered form or both, and
provision may be made for the registration of any coupon bonds as to principal alone
and also as to both principal and interest, for the reconversion into coupon bonds of
any bonds registered as to both principal and interest, and for the interchange of
coupon and registered bonds. Provision may also be made for the replacement of
bonds which become mutilated or are stolen, lost or destroyed.
(d) The bonds shall be exempt from the provisions of §§ 19-205 and 19-206
of the Local Government Article and §§ 8-206 and 8-208 of the State Finance and
Procurement Article, and the Authority may sell such bonds in such manner, either
at public or at private sale, and for such price as it may determine.

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