1386 LAWS OF MARYLAND [CH. 493

hereby for sale, at public sale to the highest competitive bidder
thereof, in accordance with the provisions of Section 35 of
Article 31 of the Code of Public General Laws of Maryland
(1939 Edition), but notwithstanding the provisions of said
section, the published notice of such sale need not contain
all the information concerning the terms and conditions of
sale as required by Section 35, but such published notice may
be a brief summary of such terms and conditions and shall
state where a complete statement of said terms and conditions
of sale, together with a complete financial statement of the
City, may be obtained. Subject to the limitations hereinabove
contained, the City shall have full and complete discretion and
authority to determine the form, tenor and denominations of
any such bonds so to be issued, the rate or rates of interest
payable thereon, or the method of arriving at the same, the
date or dates upon which said bonds shall respectively mature
and be payable, and whether said bonds shall be made redeem-
able before maturity, at the option of the City, and the redemp-
tion prices to be offered, which may be above the par value
thereof. The principal and interest of said bonds may, by said
City, be made payable in any lawful medium and at any place
either within or without the State of Maryland, and said bonds
may be issued in coupon or registered form or be issued subject
to registration as to principal only, or as to both principal and
interest, upon such terms and conditions as said City shall
provide. Said City shall also provide for the manner of execut-
ing and sealing said bonds, which, in each instance, may be by
facsimile, and in case any officer whose signature or a facsimile
thereof shall appear on any such bond, or on the coupons at-
tached thereto, shall cease to be such officer before the delivery
thereof, such signature shall nevertheless be valid and suffici-
ent for all purposes the same as if he had remained in office
until such delivery. Said City may, by appropriate resolution,
provide for the replacement of any bonds issued hereunder
which shall have become mutilated or be destroyed or lost
upon such conditions and after receiving such indemnity as
said City may think it proper and necessary to stipulate and
require. All bonds issued pursuant to the authority of this
Act, and the interest thereon, and the income derived there-
from, in the hands of the holders from time to time, shall be
and are hereby declared to be exempt from State, County and
Municipal taxation of every kind and nature whatsoever in the
State of Maryland.

SEC. 2. And be it further enacted, That the bonds hereby
authorized may be issued by the City notwithstanding any
statutory or charter debt limitation nor shall it be necessary
to submit the question of the issuance of said bonds to a ref-