THEODORE R. MCKELDIN, GOVERNOR 623

(d) To construct storage garage for municipal equipment;

(e) To purpchaso PURCHASE an insect and pest spray
control machine;

(f) To widen Academy Street.

SEC. 3. And be it further enacted, That said bonds, and the
coupons attached thereto, shall be in such form and denomina-
tions and shall be executed and delivered in such manner as the
City may from time to time decide, such decision, however,
to be made, with respect to each particular group of bonds
sold, prior to the delivery thereof, by one or more legally
adopted ordinances. Such bonds, as issued, shall be dated, shall
bear interest at such rate or rates not exceeding four per cen-
tum (4%) per annum, payable semi-annually and shall mature
in consecutive annual serial installments at such time or times
not exceeding forty (40) years from their date or dates of
issue as may be determined in said ordinances above referred
to. Said bonds, or any of them, may be made redeemable be-
fore maturity at the option of the City at such price or prices
and under such terms and conditions as may be fixed by the
City in said ordinance or ordinances. The principal and in-
terest of such bonds may be made payable in any lawful
medium and the City may fix the place or places of such pay-
ment, which may be at any bank or trust company within or
without the State. In case any officer whose signature shall
appear on any such bonds or coupons shall cease to be such
officer before delivery of the bonds, such signature shall never-
theless be valid and sufficient for all purposes the same as if
he had remained in office until delivery. Provision may be
made by the City for the registration of any such bonds in the
name of the owner or owners thereof as to principal alone and,
also, as to both principal and interest, and for the reconver-
sion of any of the bonds so registered as to both principal and
interest into coupon bonds. The City shall sell said bonds at
public sale in the manner prescribed by Section 35 of Article
31, Code of Public General Laws of Maryland (1939 Edition)
and for such price or prices as it may from time to time de-
termine to be for its best interest, 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
(4%) per annum, computed with relation to the absolute ma-
turity of the bonds in accordance with standard tables of bond
values, excluding, however, from such computation the amount
of any redemption premium. Such bonds shall not be subject
to the provisions of Section 36 of said Article 31, Code of Pub-
lic General Laws of Maryland (1939 Edition), but they shall
be issued on an annual serial maturity plan so that a certain