§ 3-201. General power to borrow money and issue evidences of obligation

Latest version.

   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.

HISTORY: An. Code 1957, art. 94A, § 2; 1977, ch. 13, § 2.

                    
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