1114                             Laws of Maryland                       [Ch. 735

such bonds, but no such sale shall be made at a price so low as to
require the payment of interest on the money received therefor at
more than six per centum (6%) per annum, computed with relation
to the absolute maturity of the bonds in accordance with standard
tables of bond values, excluding, however, from such computation
the amount of any redemption premium. Upon delivery of any of
said bonds to the purchaser or purchasers thereof, payment there-
for shall be made to the Treasurer of Prince George's County.

In addition to making provision for the above described terms and
conditions of any group or series of bonds issued hereunder, the
above mentioned resolution of the County shall likewise fix the terms
and conditions of the public sale of such group or series of bonds,
and said resolution shall adopt a suitable form of notice of sale,
which shall briefly outline said terms and conditions in accordance
with the provisions hereof. Said notice shall be published at least
twice in one or more daily or weekly newspapers haying a general
circulation in the County₂ and may also be published in one or more
journals having a circulation primarily along AMONG banks and
investment bankers. The sale of said bonds shall be held not sooner
than ten (10) days following the first publication of said notice. Said
notice shall offer said bonds to the highest bidder or bidders therefor,
and shall state how said highest bidder or bidders will be determined.
Said notice of sale shall specify the date, place and hour at which
bids for said bonds will be received and opened, and the bonds
awarded. It shall also specify that each bid shall be made in writ-
ing by a sealed proposal and shall be accompanied by a good faith
deposit in a fixed or determinate amount as security for compliance
by the bidder with his bid. Said notice shall refer to this Act as
authority for the bonds and shall state the date of issue of the bonds
offered, the total aggregate PAR amount thereof, the schedule of ma-
turities thereof, the interest payable thereon, or the method of de-
termining the same, the purpose to which the proceeds thereof will be
devoted, and the general form thereof, including a statement whether
said bomds BONDS will be redeemable, will be in coupon or reg-
istered form, and whether the same will be registerable as to prin-
cipal, or as to both principal and interest. Each such notice of sale
shall also contain a brief summary of the current financial condi-
tion of the County or shall indicate where such a statement may be
obtained and, finally, shall reserve unto the County the right to re-
ject any or all bids received. In lieu of publishing said entire no-
tice of sale, the County may, if it shall so elect in said resolution,
publish a brief summary of said notice which need not contain all
the information required for said notice of sale but which shall
state where interested parties may obtain a complete copy thereof.

464D (5) And be it further enacted, That, the money so borrowed
for the purpose of the acquisition of land in Prince George's County,
Maryland or interest in land which constitute or will constitute that
portion of the George Washington Memorial Parkway extending in
Prince George's County from Fort Washington to the southeasterly
boundary line of the District of Columbia, shall be used exclusively
and solely for such enumerated purposes.

464D (6) And be it further enacted, That, the bonds hereby au-
thorized shall constitute, and they shall so recite, an irrevocable
pledge of the full faith and credit and unlimited taxing power of