HARRY W. NICE; GOVERNOR. 327

(c) Any interest costs on money borrowed or estimat-
ed to be borrowed during the period of construction of
such public works project. The authorization and issuances
of the bonds shall not be dependent on or affected in any
way by proceedings taken, contracts made, acts performed
or things done, in connection with, in the construction of,
or in furtherance of any public works project undertaken
by the municipality authorizing and issuing the bonds.
All bonds issued under this Act shall recite upon their face,
in substance, that they are issued pursuant to this Act and
pursuant to the Constitution of Maryland and pursuant
to a resolution duly adopted by the governing body of the
municipality, and there shall also appear upon the face of
said bonds a paragraph substantially similar to the follow-
ing: "It is hereby certified and recited that each and every
act, condition and thing required to exist, to be done, to
have happened, and to be performed, precedent to and in
the issuance of this bond does exist, has been done, has
happened, and has been performed, in full and entire com-
pliance with the Constitution and laws of the State of
Maryland and the resolutions of the Commissioners of
Chesapeake Beach, and that the issue of bonds, of which
this is one, together with all other indebtedness of the
Commissioners of Chesapeake Beach is within every debt
and other limit prescribed by the Constitution of said
State. " The bonds may be purchased by the municipality
at a price not more than the principal amount thereof plus
the accrued interest, and all bonds so purchased shall be
cancelled. Pending the authorization, preparation, execu-
tion and/or delivery of definitive bonds for the purpose
of financing the construction of a public works project,
interim certificates, or other temporary obligations may be
issued by the municipality to the purchaser of such bonds.
Such interim certificates, or other temporary obligations
shall be in such form, contain such terms, conditions and
provisions, bear such date or dates, and evidence such
agreements relating to their discharge or payment or the
delivery of definitive bonds as the governing body of the
municipality issuing the same may by resolution or reso-
lutions determine. Any provision of any law to the con-
trary notwithstanding, any bonds, interim certificates, or
other obligations issued pursuant to this Act shall be fully
negotiable within the meaning of and for all the purposes
of the uniform negotiable instruments law of this State,
Any bonds issued pursuant to the provisions of this Act,
bearing the signature of any officer of the municipality on
the date of the signing thereof, shall be the valid and bind-