Except as provided in § 14 of this article, all bonds of a code county shall be authorized by public local law enacted by the board of county commissioners of the county in accordance with the provisions of § 8 through § 12 of this article. The public local law shall contain the following:

            (1)      A statement of the aggregate amount of bonds authorized by the public local law; and

            (2)      A statement of the public purpose or purposes for which the proceeds of the bonds are to be expended; and

            (3)      A statement of the taxes or other revenues from which the principal of and interest on the bonds will be payable; and

            (4)      A requirement that the board of county commissioners of the code county, prior to issuing all or any part of the bonds authorized, shall adopt a resolution that contains the following:

                  (i)      The amount of the bonds to be issued and a statement of the public purpose or purposes for which the proceeds of the bonds are to be expended; and

                  (ii)      The complete form of the bonds, which shall include the place or places and time or times of payment thereof, the rate or rates of interest payable thereon or space for the insertion of the rate or rates of interest upon the determination thereof, the titles of the officials whose signatures shall be affixed to or imprinted on such bonds, the authority for the issuance thereof, and the taxes and any special revenues from which the principal of and interest on said bonds will be payable; and

                  (iii)      If the public local law does not exempt the bonds from the provisions of §§ 9 to 11, inclusive, of Article 31 of this Code, the form of the notice soliciting bids for the purchase of the bonds shall set forth the information required by § 10 of Article 31 of this Code. This notice of sale may also require prospective purchasers to submit bids on specified forms, may make appropriate provisions for approval of the legality of the bonds, and may contain a financial statement of the code county. All or any of the foregoing provisions which may be included in any such notice of sale also may be separately set forth in a circular or official statement; and

                  (iv)      Specific provision for the appropriation and disposal of the proceeds of sale of the bonds and a specific provision for the payment of the principal thereof and the interest thereon, which provision shall specify the source or sources of payment and shall constitute a covenant binding the county to provide the funds from the source or sources as and when principal and interest are due and payable.

            (5)      Each resolution shall be adopted by the board of county commissioners of the code county in the manner followed in the usual course of considering resolutions in the government of the county, but it shall not be necessary to submit any resolution or the question of the issuance of bonds authorized thereby to a referendum of the registered voters of the county. Each resolution may contain such other provisions, not inconsistent with this subtitle, as the board of county commissioners of the county may deem appropriate. With respect to any bonds of a code county, the resolution authorizing them may provide:

                  (i)      That the principal of and interest on the bonds shall be payable at one or more banks or trust companies, which may be either within or without the State; and

                  (ii)      That the official signatures and seals to be affixed to the bonds, or the coupons if any attached thereto, except the signature of the clerk or secretary of the code county which shall be manually affixed, shall be imprinted on the bonds or coupons in facsimile; and

                  (iii)      That the bonds shall be redeemable in whole or in part at the option of the code county at any time prior to the respective maturities thereof at a price, either at or above the parvalue of the bonds as the code county may prescribe in the resolution, provided that the bonds contain a statement of the redemption provisions and provided further that the resolution shall make provision for due and proper prior published notice of any redemption; and

                  (iv)      That this issue of bonds shall be in varying denominations and shall be in coupon form, registrable as to principal only, or in fully registered form, or both, provided that if both forms are authorized, they shall be interchangeable; and

                  (v)      That, in the event any official whose signature appears on the bonds ceases to be an official prior to the delivery of the bonds, or, if the official whose signature appears on the bonds shall have become such after the date of issue thereof, the bonds nevertheless shall be valid and binding obligations of the county in accordance with their terms.