968 LAWS OF MARYLAND. [CH. 409

one or more of said ordinances or resolutions exceed the sum
of One Hundred Thousand Dollars ($100, 000. 00). Any such
ordinance or resolution authorizing the issuance and sale of
any bonds under the authority of this Act shall clearly pre-
scribe the form and tenor of said bonds and the coupons to
be attached thereto, if any, the method of executing and de-
livering the same and the conditions of the sale thereof; pro-
vided, however, that said bonds shall be issued on a twenty
(20) year serial maturity plan so that all of the bonds author-
ized to be issued by this Act will have matured and been paid
within twenty (20) years from the first date of issue of any
of said bonds. However, said annual serial maturities need
not be consecutive nor in equal par amounts. Said bonds
may be offered for sale at public sale or by private negotia-
tion, as the Mayor and Council of Crisfield by any such
ordinance shall determine, and in the event a public sale
thereof is determined upon, then the same shall be conducted
in all respects in accordance with the provisions of Section
35 of Article 31 of the Code of Public General Laws of Mary-
land (1939 Edition); provided, however, that notwithstand-
ing the provisions of said Section 35, the Mayor and Council
of Crisfield may, in its absolute discretion, determine to sell
said bonds at private sale. Said bonds shall not, however,
be sold either at public or private sale at a price less than
par and accrued interest, nor shall said bonds be issued to
bear interest at a rate in excess of five per centum (5%) per
annum. In any such ordinance or resolution authorizing the
issuance and sale of any of said bonds, said municipality
shall have full and complete discretion to determine the de-
nomination of said bonds, the medium and place of payment
thereof, the officers who shall execute the same, the install-
ments in which interest shall be paid and the date and place
or places of such payment. Said bonds may, by any such
ordinance or resolution, be authorized 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 reconversion of said bonds into coupon form if
any such bonds shall have been registered as to both principal
and interest. In offering any of said bonds for sale at public
sale, said municipality need not set forth in the published
notice of sales of said bonds all the information called for by
said Section 35 of Article 31 of the Code of Public General
Laws of Maryland, but said municipality may publish a brief
summary of said notice which shall state where a copy of said
notice, containing all the terms and conditions of sale, may be
obtained. Said municipality also may, by appropriate ordi-
nance or resolution, provide for the) replacement of any bonds