THEODORE R. MCKELDIN, GOVERNOR 1251

by the Board of County Commissioners of the county issuing
the same and may be made redeemable before maturity at the
option of such Board of County Commissioners at such price
or prices and under such terms and conditions as may be fixed
by such Board of County Commissioners prior to the issuance
of the bonds. Such Board of County Commissioners shall de-
termine the form of the bonds, including any interest coupons
to be attached thereto, and shall fix the denomination or de-
nominations of the bonds and the place or places of payment
of principal and interest, which may be at any bank or trust
company within or without the State. The bonds shall be
signed by such officer or officers of the county issuing the same,
the seal of such county shall be affixed thereto and attested in
such manner, and any coupons attached thereto shall bear the
facsimile signature of such officer as the Board of County Com-
missioners of such county shall determine. In case any officer
whose signature or a facsimile of whose signature shall appear
on any bonds or coupons shall cease to be such officer before
the delivery of such bonds, such signature or such facsimile
shall nevertheless be valid and sufficient for all purposes the
same as if he had remained in office until such delivery. All
bonds issued under the provisions of this section shall have
and are hereby declared to have all the qualities and incidents
of negotiable instruments under the negotiable instruments law
of the State. The bonds may be issued in coupon or in regis-
tered form, or both, as the said Board of County Commission-
ers may determine, and provision may be made for the regis-
tration of any coupon bonds as to principal alone and also as
to both principal and interest, and for the reconversion into
coupon bonds of any bonds registered as to both principal and
interest. Said Board of County Commissioners may sell such
bonds in such manner, either at public or private sale, and for
such price as it may determine to be for the best interest of the
county, 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 four per centum per annum, computed with rela-
tion to the absolute maturity of the bonds in accordance with
standard tables of bond values, excluding, however, from such
computation the amount of any premium to be paid on redemp-
tion of any bonds prior to maturity. The provisions of Sections
34 to 36, inclusive, of Article 31 of the Annotated Code of Mary-
land (1939 Edition), and any amendments thereto, shall not
apply to bonds issued under the provisions of this section.

The entire proceeds from the sale of any bonds issued under
the provisions of this section, after payment of all costs and
expenses incurred in connection with the preparation, sale and
delivery of the bonds, shall be used solely for the payment of
the cost of the voting machines for the purchase of which such