State Codes and Statutes
Statutes > Maryland > Transportation > Title-3 > Subtitle-2 > 3-201§ 3-201. General power to borrow money and issue evidences of obligation.
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.
[An. Code 1957, art. 94A, § 2; 1977, ch. 13, § 2.]
