940 LAWS OF MARYLAND. [CH. 391

missioners of Anne Arundel County, which such guaranty
shall be in the following form:

"The payment of interest on this Bond when due
and of the principal thereof at maturity is hereby
unconditionally guaranteed by the County Commis-
sioners of Anne Arundel County, a body politic and
corporate of the State of Maryland.

County Commissioners of Anne Arundel County

By................................

President
Attest:

Clerk
Corporate Seal"

As indicated in the foregoing form, the guaranty on each
bond shall, when presented to him by the Board of Education
with appropriate evidence of the compliance of said bond with
this Act, be endorsed by the President of the Board of County
Commissioners of Anne Arundel County and the seal of said
County shall be affixed to such bond, duly attested by the
Clerk to said Board of County Commissioners. 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. Provision may be made
for the registration of said bonds as to principal alone and
also as to both principal and interest, and for the reconver-
sion of said bonds into coupon form, if any of such bonds
shall have been registered as to both principal and interest.
Such bonds shall be issued in accordance with the provisions
of Sections 34, 35 and 36 of Article 31 of the Code of Public
General Laws of Maryland (1939 Edition), as amended, ex-
cept that said bonds may be sold for such price or prices as
may be determined to be for the best interests of the County,
either at, above or below the par value of any such bonds. No
such sale shall, however, be made at a price so low as to re-
quire 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.
In addition, in lieu of publishing the entire notice of sale as
contemplated by Section 34 of said Article 31, the Board may,
if it shall so elect in said resolution, publish a brief summary