82 LAWS OF MARYLAND. [CH. 25

medium. Said resolution shall determine the form of said
bonds, including the interest coupons to be attached thereto,
and the manner of executing the same, and shall fix the de-
nomination or denominations of the bonds and the place or
places of payment of the principal and the interest thereon,
which may be at any bank or trust company within or without
the State of Maryland. There shall be endorsed on each bond
the unconditional guaranty of the County Commissioners of
Anne Arundel County, which such guaranty shall be in the
following form:

"The payment of interest on this Bond when due and of
the principal thereof at maturity is hereby unconditionally
guaranteed by the County Commissioners of Anne Arundel
County, a body politic and corporate of the State of Maryland.

COUNTY COMMISSIONERS OF ANNE ARUNDEL COUNTY.

By...............................

President.

Attest:

Clerk.
Corporate Seal"

As indicated in the foregoing form, the guaranty on each
bond shall, when presented to him by the Board of Education
with appropriate evidence of the compliance of said bond
with this Act, be endorsed by the President of the Board of
County Commissioners of Anne Arundel County and the seal
of said County shall be affixed to such bond, duly attested by
the Clerk to said Board of County Commissioners. 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 sufficient for all purposes the same as if he had
remained in office until such delivery. Provision may be made
for the registration of said bonds as to principal alone and
also as to both principal and interest, and for the reconver-
sion of said bonds into coupon form, if any of such bonds
shall have been registered as to both principal and interest.
Such bonds shall be issued in accordance with the provisions
of Sections 34, 35 and 36 of Article 31 of the Code of Public
General Laws of Maryland (1939 Edition), except that said
bonds may be sold for such price or prices as may be deter-
mined to be for the best interests of the County, either at,
above or below the par value of any such bonds. No such
sale shall, however, 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