THEODORE R. MCKELDIN, GOVERNOR 1305

shall thereafter create or join in the creation of any other
Authority unless such other municipality or municipalities
shall consent thereto by ordinance or resolution.

410H. Each Authority created under the provisions of
this sub-title is hereby authorized to provide by resolution
of its Board, at one time or from time to time, for the is-
suance of revenue bonds of the Authority for the purpose
of paying the whole or any part of the cost of any project.
The principal of and the interest on such bonds shall be
payable solely from the funds herein provided for such
payment. The bonds of each issue shall be dated, shall
bear interest at such rate or rates not exceeding five per
centum per annum, shall mature at such time or times not
exceeding forty years from their date or dates, as may be
determined by the Authority, and may be made redeemable
before maturity, at the option of the Authority, at such
price or prices and under such terms and conditions as
may be fixed by the Authority prior to the issuance of the
bonds. The Authority shall determine the form of the
bonds, including any interest coupons to be attached there-
to, and the manner of execution of the bonds, and shall
fix the denomination or denominations of the bonds and
the place or places of payment of principal and interest,
which may be at any bank or trust company. 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 revenue bonds issued under the provi-
sions of this sub-title shall have and are hereby declared
to have, as between successive holders, all the qualities and
incidents of negotiable instruments under the negotiable
instruments law of the State of Maryland. The bonds may
be issued in coupon or in registered form, or both, as the
Authority may determine, and provision may be made for
the registration of any coupon bonds as to principal alone
and also as to both principal and interest, and for the re-
conversion into coupon bonds of any bonds registered as
to both principal and interest. The issuance of such bonds
shall not be subject to any limitations or conditions con-
tained in any other law, and the Authority may sell such
bonds in such manner, either at public or at private sale,
and for such price, as it may determine to be for the best
interests of the Authority and the municipality to be served
thereby, but no such sale shall be made at a price so low
as to require the payment of interest on the money re-
ceived therefor at more than five per centum per annum,