J. MILLARD TAWES, Governor                        83

complete authority and discretion to fix and determine, in said
resolution, the form and tenor of any such bonds, the rate or rates of
interest payable thereon, or the method of arriving at the same, the
date or dates upon which said bonds shall respectively mature and
be payable, the manner of selling said bonds at public sale, and
generally all matters incident or necessary to the issuance, sale and
delivery thereof. The bonds of each such issue shall be dated, shall
bear interest at such rate or rates not exceeding six per centum
(6%) per annum, payable semi-annually, shall mature at such time
or times as may be determined by said resolution, and said bonds
may, by said resolution be made redeemable before maturity, at the
option of the County, at such price or prices and under such terms
and conditions as may be fixed by said County, either in said resolu-
tion or in subsequent resolutions, but prior to the issuance of said
bonds. The principal of and the interest on said bonds may be made
payable in any lawful medium. Said resolution shall determine the
form of said bonds, including any interest coupons to be attached
thereto, and the manner of executing and sealing the same, which
may be by facsimile, and shall fix the denomination or denomina-
tions of the bonds and the place or places of payment of the prin-
cipal and the interest thereon, which may be at any bank or trust
company within or without the State of Maryland. In case any
officer whose signature shall appear on any such bond, or on the
coupons attached thereto, shall cease to be such officer before the
delivery thereof, such signature shall nevertheless be valid and suffi-
cient for all purposes the same as if he had remained in office until
such delivery. Said bonds may, by any such resolution, be issued in
coupon or in registered form or both, and provision may be made
for the registration of said bonds having coupons attached, as to
principal alone and also as to both principal and interest, and for
the reconversion of said bonds into coupon form if any such bonds
shall have been registered as to both principal and interest. Such
bonds shall not be subject to the provisions of Sections 9, 10, and 11
of Article 31 of the Code of Public General Laws of Maryland (1957
Edition) but said County shall offer said bonds only by solicitation
of competitive bids therefor at public sale. Said bonds may be sold
for such price or prices as may be determined to be for the best
interests of the County, either at, above or below the par value of
any 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 com-
putation the amount of any redemption premium. Upon delivery of
any of said bonds to the purchaser or purchasers thereof, payment
therefor shall be made to the Treasurer of Talbot County or such
other official of the County designated to receive such payment in
a resolution passed by the Board of County Commissioners of Talbot
County before such delivery.

In addition to making provision for the above-described terms and
conditions of any group or series of bonds issued hereunder, the
County shall likewise fix the terms and conditions of the public sale
of such group or series of bonds and shall adopt a suitable form of
notice of sale, -which shall briefly outline said terms and conditions
in accordance with the provisions hereof by an appropriate resolu-
tion. Said notice shall be published in one or more daily or weekly