1546 LAWS OF MARYLAND. ' [CH. 644

County Commissioners shall fix the annual serial maturity
plan with respect to the bonds to be issued thereunder and
said annual serial maturities shall be so fixed as to conform
to the general financial plans of the County but need not be
in equal par amounts or in consecutive annual installments.
Said County shall have and is hereby granted full and com-
plete authority and discretion to fix and determine, in said
resolution, the form and tenor of any such bonds, the rate
or rates of interest payable thereon, or the method of arriv-
ing at the same, the date or dates upon which said bonds
shall respectively mature and be payable, the manner of sell-
ing said bonds at public sale, and generally all matters inci-
dent or necessary to the issuance, sale and delivery thereof.
The bonds of each such issue shall be dated, shall bear inter-
est at such rate or rates not exceeding five per centum (5%)
per annum, payable semi-annually, shall mature at such time
or times as may be determined by said resolution, and said
bonds may, by said resolution, be made redeemable before
maturity, at the option of the County, at such price or prices
and under such terms and conditions as may be fixed by said
Board of County Commissioners, either in said resolution or
in subsequent resolutions, but prior to the issuance of said
bonds. The principal of and the interest on said obligations
may be made payable in any lawful medium. Said resolution
shall determine the form of said bonds, including any inter-
est coupons to be attached thereto, and the manner of execut-
ing 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 principal and the inter-
est 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 nevertheless 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 registered
form, or both, and provision may be made for the registration
of said bonds having coupons attached, as to principal alone
and also as to both principal and interest, and for the recon-
version 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 interests of