252 LAWS OF MARYLAND [CH. 128

Board of County Commissioners of Anne Arundel County
and the seal of said County shall be affixed to such bond,
duly attested by the Clerk to said Board of County Com-
missioners. In case any officer whose signature shall ap-
pear on any such bond, or on the coupons attached thereto,
shall cease to be such officer before the delivery thereof,
such signature shall nevertheless be valid and sufficient
for all purposes the same as if he had remained in office
until such delivery. The signatures and seals hereby re-
quired to be affixed to said bonds by officials of the Board
and of the County may be made in facsimile. Provision
may be made for the registration of said bonds as to princi-
pal alone and also as to both principal and interest, and for
the reconversion of said bonds into coupon form, if any of
such bonds shall have been registered as to both principal
and interest. Such bonds shall be issued in accordance
with the provisions of Sections 32, 33 and 34 of Article
31 of the Code of Public General Laws of Maryland (1951
Edition), as amended, except that said bonds may be sold
for such price or prices as may be determined to be for
the best interests of the County, either at, above or below
the par value of any such bonds. No such sale shall, how-
ever, be made at a price so low as to require the payment
of interest on the money received therefor at more than
five per centum (5%) 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 redemption premium.
In addition, in lieu of publishing the entire notice of sale
as contemplated by Section 33 of said Article 31, the Board
may, if it shall so elect in said resolution, publish a brief
summary of said notice which shall state where interested
parties may obtain a complete copy thereof. Upon delivery
of any of said bonds to the purchaser or purchasers thereof,
payment therefor shall be made to the Treasurer of the
Board, who shall thereafter disburse the same only on
vouchers approved by the Board.

SEC. 4. And be it further enacted, That the money so
borrowed, for the public school or schools described in said
resolution above required, in evidence of which any such
bonds shall be issued, shall be used by the Board exclu-
sively and solely for such public school or schools and in
the event the amounts so borrowed shall prove inadequate
for the financing of any such public school, at any time,
the Board may issue additional bonds within the limitations
hereof for the purpose of evidencing the borrowing of
additional funds for any such public school, provided the