HERBERT R. O'CONOR, GOVERNOR. 1093

which may be a 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 de-
livery 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 of this Act shall have and are hereby declared
to have, as between successive holders, all the qualities and in-
cidents of negotiable instruments under the negotiable instru-
ments law of the State. Provision may be made for the regis-
tration of any of the bonds in the name of the owner as to prin-
cipal alone and also as to both principal and interest, and for
the issuance of new coupon bonds in exchange for bonds regis-
tered as to both principal and interest. Such bonds shall be
sold by the Authority in such manner and for such price as it
may determine to be for its best interests, 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 six per
centum per annum, computed with relation to the absolute
maturity of the bonds in accordance with standard tables of
bond values; provided, however, that if the purchase price of
the existing market shall be paid to the City in bonds of the
Authority such bonds shall be registered in the name of the
City as to both principal and interest and deposited with the
City. None of the provisions of Sections 35 and 36 of Article
31 of the Code of Public General Laws of Maryland (1939 Edi-
tion) shall have any application to the bonds hereby author-
ized and such bonds are hereby explicitly exempted therefrom,
but all such bonds shall be treated as negotiable instruments,
as provided in Section 33 of said Article 31. If the proceeds of
the revenue bonds, by error of calculation or otherwise, shall
be less than the cost of the Market, additional bonds may be
issued to provide the amount of such deficit, and unless other-
wise provided by the authorizing resolution or in the trust in-
denture hereinafter mentioned, shall be deemed to be of the
same issue and shall be entitled to payment from the same fund
without preference or priority of the bonds first issued for
such purposes. If the proceeds of such bonds shall exceed such
costs, the surplus shall be paid into the sinking fund herein-
after provided for the payment of the principal of and interest
on the bonds. Prior to the preparation of definitive bonds, the
Authority may, under like restrictions, issue temporary bonds,
with or without coupons, exchangeable for definitive bonds
upon the issuance of the latter. The Authority may also pro-
vide for the replacement of any bond which shall become
mutilated or be destroyed or lost. Such revenue bonds may be
issued without an election or any other proceedings or the
happening of any other conditions or things than those pro-