128 LAWS OF MARYLAND. [CH. 51

may be determined in said ordinances above referred to,
and said bonds, or any of them, may be made redeemable
before maturity, at the option of the City, at such price or
prices and under such terms and conditions as may be fixed
by the City in the ordinance or ordinances adopted prior
to the delivery of the bonds. The principal and interest of
such bonds may be made payable in any lawful medium, and
the City may fix the place or places of such payment, which
may be at any bank or trust company within or without the
State. In case any officer whose signature shall appear on
any such bonds or the coupons attached thereto shall cease
to be such officer before delivery of such bonds, such signa-
ture shall, nevertheless, be valid and sufficient for all pur-
poses in the same manner as if he had remained in office
until delivery. Provision may be made by the City for the
registration of any such bonds in the name of the owner
or owners thereof as to principal alone and, also, as to both
principal and interest, and for the reconversion of said bonds
so registered as to principal and interest into coupon bonds.
In negotiating any such loan, however, the City shall offer
such bonds for sale at public sale pursuant to the authority
of and in the manner prescribed by Section 35 of Article 31
of the Code of Public General Laws of Maryland (1939
Edition), but the provisions of Section 36 of said Article 31
shall be inapplicable to the bonds hereby authorized. The
published notice of sale of said bonds need not, however,
contain all the information required by said Section 35 of
Article 31, but may be a simple summary thereof, provided
that it shall state where a complete statement of the terms
and conditions of said bonds and of the public sale thereof
may be obtained and, in addition, said summary notice of
sale may be published in any journal having a circulation
among investors in municipal securities in addition to, or
in lieu of, publication of said summary notice in a news-
paper of general circulation in the City. Such bonds may be
sold for such price or prices, either at, above or below the
par value thereof, as the City may from time to time de-
termine to be for its best interest, 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 four per centum
(4%) 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. Within the limita-
tions prescribed hereby, said bonds shall be issued to ma-
ture on an annual serial maturity plan so that a certain
number of said bonds will mature and be payable in annual
serial installments, although said installments need not be
consecutive. The City may provide by ordinance the con-