1106                             LAWS OF MARYLAND                        [CH. 662

option of the Authority, at such price or prices and under such terms
and conditions as may be fixed by the Authority prior to the issuance
of the bonds. The principal of and the interest on such bonds may
be made payable in any lawful medium and shall be payable solely
from the special fund provided by this Act for such payment. The
Authority shall determine the form of the bonds, including any in-
terest coupons to be attached thereto, the manner of executing the
bonds, the denomination or denominations of the bonds, and the place
or places of payment of principal and interest thereof, which may be
a bank or trust company within or without the State. In case any
officer whose signature or facsimile thereof shall appear on any bonds
or coupons shall cease to be such officer before the delivery of such
bonds, such signature or facsimile thereof shall nevertheless be valid
and sufficient for all purposes the same as if he had remained in office
until such delivery. All revenue bonds issued under the provisions of
this Act shall have and are hereby declared to have, as between
successive holders, all the qualities and incidents of negotiable instru-
ments under the negotiable instruments law of the State. Provisions
may be made for the registration of any of the bonds in the name of
the owner as to principal alone and also as to both principal and
interest, and for the issuance of new coupon bonds in exchange for
bonds registered as to both principal and interest. Such bonds shall
be sold by the Authority in such manner and for such price as it may
determine to be for its best interests, 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 six per centum per annum, computed
with relation to the absolute maturity of the bonds in accordance with
standard tables of bond values. None of the provisions of Sections
33 and 34 of Article 31 of the Code of Public General Laws of Mary-
land (1951 Edition) shall have any application to the bonds hereby
authorized and such bonds are hereby explicitly exempted therefrom,
but all such bonds shall be treated as negotiable instruments, as pro-
vided in Section 31 of said Article 31. If the proceeds of the revenue
bonds, by error of calculation or otherwise, shall be less than the cost
of the market, additional bonds may be issued to provide the amount
of such deficit, and unless otherwise provided by the authorizing
resolution or in the trust indenture hereinafter mentioned, shall be
deemed to be of the same issue and shall be entitled to payment from
the same fund without preference or priority of the bonds first issued
for such purposes. If the proceeds of such bonds shall exceed such
costs, the surplus shall be paid into the sinking fund hereinafter pro-
vided for the payment of the principal of and interest on the bonds.
Prior to the preparation of definitive bonds, the Authority may, under
the restrictions, issue temporary bonds, with or without coupons,
exchangeable for definitive bonds upon the issuance of the latter.
The Authority may also provide for the replacement of any bond
which shall become mutilated or be destroyed or lost. Such revenue
bonds may be issued without an election or any other proceedings or
the happening of any other conditions or things than those proceed-
ings, conditions and things which are specified and required by this
Act

The resolution providing for the issuance of revenue bonds may
also provide for the issuance of additional revenue bonds and
may limit the amount by such resolution or trust indenture, for the
purpose of paying the cost of any extensions, additions and improve-