594 LAWS OF MARYLAND. [CH. 342

maturity, at the option of the County, at such price or prices
and under such terms and conditions as may be fixed by the
County .prior to the issuance of the bonds. The principal and
terest of such bonds may be made payable in any lawful
medium. The County shall determine the form of the bonds
und the interest coupons to be attached thereto, the manner
of executing the bonds and coupons, and shall fix the denomi-
nation or denominations of the bonds and the place or places
of payment of principal and interest thereof, which may be at
any bank or trust company within or without the State. In
case any officer whose signature shall appear on any bonds or
coupons shall cease to be such officer before the delivery of
such bonds, such signature shall nevertheless be valid and
sufficient for all purposes the same as if he had remained in
office until such delivery. All revenue bonds issued under the
provisions hereof shall have and are hereby declared to have,
as between successive holders, all the qualities and incidents
of negotiable instruments under the negotiable instruments
law of the State to the extent provided by Section 33 of
Article 31, Code of Public General Laws of Maryland (1939
Edition). Provision may be made for the registration of
any of the bonds in the name of the owner as to principal
alone and also as to both principal and interest, and for the
reconversion of any of the bonds registered as to both prin-
cipal and interest into coupon bonds. Such bonds may be
issued without regard to any limitation on indebtedness pre-
scribed by any other law and shall not be included in the
amount of bonds which the County may be authorized to issue
under any statute or under its charter. The County may sell
such bonds in such manner and for such price as it may de-
termine to be for the best interests of the County, 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 per annum, computed with relation to the absolue
maturity of the bonds in accordance with standard tables of
bond values, excluding, however, from such computation the
amount of any redemption premium. Such bonds shall not
be subject to the provisions of Sections 34, 35 and 36 of
Article 31, Code of Public General Laws of Maryland (1939
Edition).

The proceeds of such bonds shall be used solely for the
payment of the costs of acquisition and improvement of the
bridge or applied to the sinking fund created for the payment
of such bonds, and such proceeds shall be disbursed in such
manner and under such restrictions, if any, as the County
may provide. There shall be and there hereby is created and
granted a lien upon such moneys until so used in favor of the
holders of such bonds or the trustee hereinafter provided for