THEODORE R. MCKELDIN, GOVERNOR 251

bonds to be issued thereunder and said annual serial ma-
turities shall be so fixed as to conform to the general
financial plans of the County but need not be in equal par
amounts or in consecutive annual installments. Except as
limited by this Act, said Board shall have and is hereby
granted full and complete authority and discretion to fix
and determine, in said resolution, the form and tenor of
any such bonds, 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, the manner of selling said bonds at public sale,
and generally all matters incident or necessary to the is-
suance, sale and delivery thereof. The bonds of each such
issue shall bear interest at not exceeding five per centum
(5%) per annum, payable semi-annually, and, if requested
by the County, said bonds shall, by said resolution, be made
redeemable before maturity, at the option of the County,
at such price or prices and under such terms and conditions
as may be fixed by said County. The principal of and the
interest on said bonds may be made payable in any lawful
medium. Said resolution shall determine the form of said
bonds, including the interest coupons to be attached thereto,
and the manner of executing the same, and shall fix the
denomination or denominations of the bonds and the place
or places of payment of the principal and the interest
thereon, which may be at any bank or trust company
within or without the State of Maryland. There shall be
endorsed on each bond the unconditional guaranty of the
County Commissioners of Anne Arundel County, which
such guaranty shall be in the following form:

"The payment of interest on this Bond when due
and of the principal thereof at maturity is hereby
unconditionally guaranteed by the County Com-
missioners of Anne Arundel County, a body politic
and corporate of the State of Maryland.

COUNTY COMMISSIONERS OF ANNE
ARUNDEL COUNTY

By...................................................

President

ATTEST:
.................................................................... (Clerk)

Corporate Seal"

As indicated in the foregoing form, the guaranty on each
bond shall, when presented to him by the Board of Educa-
tion with appropriate evidence of the compliance of said
bond with this Act, be endorsed by the President of the