THEODORE R. MCKELDIN, GOVERNOR 1595

per annum, and shall mature at such time or times, as may
be determined 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 Com-
missioners 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 determine the form
of the bonds, including any interest coupons to be attached
thereto, 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
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 Commissioners shall determine. In case any officer
whose signature or a facsimile of whose signature shall ap-
pear on any bonds or coupons shall cease to be such officer
before the delivery of such bonds, such signature of 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 registered form, or both, as
the said Board of County Commissioners 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 reconversion into coupon
bonds of any bonds registered as to both principal and in-
terest. 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 in-
terest 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 relation 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 redemption of any
bonds prior to maturity. The provisions of Sections 32 to
34, inclusive, of Article 31 and any amendments thereto,
shall not apply to bonds issued under the provisions of this
section.