WM. PRESTON LANE, JR., GOVERNOR. 1537

eluding any interest coupons to be attached thereto, and the
manner of executing and sealing the same, which may be by
facsimile, and shall fix the denomination or denominations
of the bonds and the place or places of payment of the prin-
cipal 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 never-
theless 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 regis-
tered form, or both, and provision may be made for the regis-
tration of said bonds having coupons attached, as to principal
alone and also as to both principal and interest, and for the
reconversion of said bonds into coupon form, if any of such
bonds shall have been registered as to both principal and
interest. Such bonds shall not be subject to the provisions
of Sections 34, 35 and 36 of Article 31 of the Code of Public
General Laws of Maryland (1939 Edition) but said County
shall offer said bonds only by solicitation of competitive bids
therefor at public sale. Said bonds may be sold for such
price or prices as may be determined to be for the best inter-
ests of the County, either at, above or below the par value of
any such bonds, 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 five per centum (5%) per
annum, computed with relation to the absolute maturity of
the bonds in accordance with standard tables of bond values,
excluding, however, from such computation the amount of
any redemption premium. Upon delivery of any of said bonds
to the purchaser or purchasers thereof, payment therefor shall
be made to the Treasurer of Baltimore County.

In addition to making provision for the above described
terms and conditions of any group or series of bonds issued
hereunder, the above mentioned resolution of the County shall
likewise fix the terms and conditions of the public sale of
such group or series of bonds, and said resolution shall adopt
a suitable form of notice of sale, which shall briefly outline
said terms and conditions in accordance with the provisions
hereof. Said notice shall be published at least twice in one
or more daily or weekly newspapers having a general circula-
tion in the County, and may also be published in one or more
journals having a circulation primarily among banks and
investment bankers. The sale of said bonds shall be held not
sooner than ten (10) days following the first publication of
said notice. Said notice shall offer said bonds to the highest
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