HERBERT R. O'CONOR, GOVERNOR. 357

68. $20,000.00 Montgomery County Funding Bonds of 1934,
Series "A", dated May 15, 1934, issued un-
der authority of Chapter 25 of the Acts of
S. S. 1933, maturing flO,000.00 May 15,
1942 and f 10,000.00 May 15, 1943.

69. $10,000.00 Montgomery County Suburban District Road
Bonds of 1931, dated October 27, 1931, is-
sued under authority of Chapter 459 of the
Acts of 1931, maturing f5,000.00 October 1,
1941 and $5,000.00 October 1, 1942.

SEC. 2. And be U further enacted,, That said Board shall
have full authority by resolution to carry out all of the powers
conferred by this Act, and any such resolution shall be in
force and effect from and after its passage . Said Board shall
by resolution determine the rate or rates of interest to be
paid on the bonds not exceeding 4% per annum, payable semi-
annually, and the maturity or maturities of the bonds, which
shall be at a time or times not exceeding thirty years from the
date of the bonds, and shall likewise determine the form of the
bonds, the officers by whom they shall be executed and the
medium of payment and the place or places in Maryland or in
any other State at which the principal and interest shall be
payable. In case any of the officers whose signatures appear
on the bonds and coupons shall cease to be such officers before
the delivery of such bonds, such signatures shall nevertheless
be valid and sufficient for all purposes, the same as if they had
remained in office until such delivery. The bonds may be made
registerable as to principal alone and as to both principal and
interest, under such terms and conditions as may be deter-
mined by said Board. The bonds may be made redeemable
before maturity, at the option of the Board, at such price and
under such terms and conditions as may be fixed by the Board
prior to the issuance of the bonds.

SEC. 3. And be it further enacted, That said Board may sell
any or all of said bonds in such manner as it may determine;
provided, however, that no sale thereof shall be made for less
than par and accrued interest.

SEC. 4. And be it further enacted, That the proceeds derived
from the sale of any such bonds shall be used exclusively for
the purposes for which such bonds shall be authorized and
for paying the cost of engraving or printing the bonds and all
other incidental costs and expenses connected with the issu-
ance of said bonds.