358 LAWS OF MARYLAND [CH. 61

(e) To do all acts and things necessary or convenient to
carry out the powers expressly granted in this sub-title.

235C. (a) The Authority is hereby authorized to provide,
by resolution, from time to time, for the issuance, in series,
of its negotiable bonds, certificates or other evidence of in-
debtedness for the' purpose of paying all or any part of the
cost of any one or more projects. The principal and interest
on such bonds, certificates or other evidence of indebtedness
shall be payable solely from the funds herein provided for such
payment. The bonds of each issue shall be dated, shall bear
interest at such rate or rates not exceeding 8^/2% per annum,
shall mature at such time or times, not exceeding 30 years
from their date or dates, as may be determined by the Author-
ity. The bonds of each issue may be made redeemable before
maturity at the option of the Authority at such price or prices
and under such terms and conditions as may be fixed by the
Authority prior to the issuance of the bonds. The Authority
shall determine the form of the bonds, including any interest
coupons to be attached thereto, and shall fix the denomination
or denominations of the bonds and the place or places of pay-
ment of principal and interest, which may be at any bank or
trust company within or without the State. The bonds shall
be signed by the Chairman of the Authority, and the official
seal of the Authority shall be affixed thereto and attested by
the Secretary of the Authority, and any coupons attached
thereto shall bear the facsimile signature of the Chairman of
the Authority. In case any officer whose signature or a fac-
simile of whose signature shall appear on any bonds or coupons
shall cease to be such officer before the delivery of such bonds,
such signature or such facsimile shall nevertheless be valid
and sufficient for all purposes the same as if he had remained
in office until such delivery. All bonds issued under the pro-
visions of this sub-title shall have and are hereby declared to
have all the qualities and incidents of negotiable instruments
under the negotiable instruments law of the State. The bonds
may be issued in coupon or in registered form, or both, as the
Authority may determine, and provision may be made for the
registration of any coupon' bonds as to principal alone and
also as to both principal and interest, and for the reconver-
sion into coupon bonds of any bonds registered as to both prin-
cipal and interest. The Authority may sell such bonds in such
manner, either at public or private sale, and for such price,
as it may determine' to be for the best interests of the State,
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 8 1/2% per annum, computed with relation to the
absolute maturity of the bonds in accordance with standard