736 LAWS OF MARYLAND. [CH. 422

finance said public schools or public facilities and determining
to borrow money for all or a part of the amount so needed
and to issue its bonds to evidence such borrowing. Each
series or group of said bonds shall be issued to mature in
annual serial installments, the last installment to mature not
later than thirty (30) years from the date of issue of said
group or series. In said resolution, said Board of County
Commissioners shall fix the annual serial maturity plan with
respect to the bonds to be issued thereunder and said annual
serial maturities shall be so fixed as to conform to the general
financial plans of the County but need not be in equal par
amounts or in consecutive annual installments. Within the
limitations hereby prescribed,. said County shall have and is
hereby granted full and 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 five
per centum (5%) 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 Board of County Commissioners, either
in said resolution or in subsequent resolutions, but prior to
the issuance of said bonds. The principal of and the interest
on said obligations 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 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. 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. 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 cou-
pons attached, as to principal alone and also as to both prin-
cipal and interest, and for the reconversion of said bonds into
coupon form, if any of such bonds shall have been registered