32 LAWS OF MARYLAND. [CH. 27

may be required to make single bids for all the bonds so
offered.

SEC. 2. And be it further enacted, That before borrowing
any money or! issuing any bonds pursuant to the authority of
this Act, the Mayor and Aldermen of Frederick shall adopt
an ordinance describing separately the amount needed to
finance the public improvements and/or the amount needed
to finance the extensions and improvements to the water
system and determining to borrow money for all or a part of
the amounts so needed and to issue its bonds to evidence
such borrowing. Notwithstanding the provisions of Section
36 of Article 31 of the Code of Public General Laws of Mary-
land (1939 Edition), said, bonds shall be issued to mature in
annual serial instalments, the last instalment to mature not
later than thirty (30) years from date of issue, and if said
bonds are offered from time to time in groups or series, each such
group or series shall be issued to mature on such a serial plan.
In each such ordinance the Mayor and Aldermen of Frederick
shall fix the annual serial plan with respect to the bonds
to be issued thereunder and said annual serial maturities
shall be fixed so as to conform to the general financial plans
of the municipality but need not be in equal annual amounts
or in consecutive" annual instalments. Within the limitations
hereby prescribed, said municipality shall have, and is hereby
granted, full and complete authority and discretion to fix and
determine in said ordinance the form and tenor of any such
bonds, the date or dates of issue thereof, the rate or rates
of interest payable thereon, or the method of arriving at the
same, the medium of payment of such principal and interest,
the date or dates upon which said bonds shall respectively
mature and be payable, the manner of selling said bonds at
public sale and, generally, all matters incident or necessary
to the proper issuance, sale and delivery thereof. Specifically,
said ordinance shall fix and determine the dates for payment
of interest on said bonds, the manner* of executing said bonds
and the coupons to be attached thereto, if any, the denomina-
tion or denominations of said bonds and the place or places
of payment of the principal and interest thereof, 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. It may be provided in any such ordinance that the
signatures or seal affixed to any such bonds or coupons at-
tached thereto, may be printed, lithographed or engraved